Facebook Buys Virtual Reality Co. Oculus for $2 Billion

March 25th, 2014


Reality 1440×900 by EranFolio on deviantART

Via: AP:

Facebook has agreed to buy Oculus for $2 billion, betting that its virtual reality technology may be a new way for people to communicate, learn or be entertained.

“This is a long-term bet on the future of computing,” said Facebook Chief Executive Mark Zuckerberg Tuesday on a call with analysts. “I believe Oculus can be one of the platforms of the future.”

Oculus makes the Oculus Rift, a virtual reality headset that’s received a lot of attention from video game developers, though it has yet to be released for consumers. The headsets cover a user’s eyes and create an immersive world that reacts to turning one’s head or moving back and forth.

Beyond games, Zuckerberg said virtual reality headsets might someday be used to enjoy a courtside seat at a basketball game, study in a classroom, consult with a doctor face-to-face or shop in a virtual store. The technology also has social applications, he said.

“Imagine sharing not just moments with friends online but entire experiences and adventures,” he said.

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