X

This website uses cookies.

This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy.

I agree
Learn More
Great Geek Gifts in the Technabob Shop!Get Technabob Daily: Join our Mailing List! | Follow Us: Facebook | Twitter
Awesomer Media Sites: THE AWESOMER | MIGHTYMEGA | 95OCTANE
subscribe to our rss feedsubscribe via e-mailfollow technabob on twittertechnabob facebook fan pageGoogle+follow us in feedly
Follow Us:

Facebook Buys Oculus VR to Get Hands on Virtual Reality Tech

by Shane McGlaun
Advertisement

Facebook is sitting on boatloads of money and the company isn’t afraid to use some of that cash to buy up companies that have interesting tech. Such is the case with a new purchase that sees Facebook buying up Oculus VR, the company behind the slick Oculus Rift VR headset. The purchase reportedly cost Facebook $2 billion (USD).

oculus-vrzoom in

Many people think the buyout is a bad thing because Facebook is Facebook, and also because selling off the company goes against the independent spirit of the company’s initial funding via Kickstarter. I think the buyout could be a good thing. Facebook certainly has the capital to help Oculus develop low cost VR headsets and other gear, and the reach to bring them to market. Perhaps the purchase will mean that a production rollout will come faster.

Facebook is also a place that many people go to play casual games, and harass others with invites to play games. I could see Facebook working with developers to get casual games on the social network using the Oculus VR device.

[via Washington Post]




Comments are closed for posts older than 90 days.

Recent Posts

Civilization VI Cities are Something Completely Different

Civilization VI Cities are Something Completely Different

SanDisk iXpand Flash Drives Wrap Around Your iPhone

SanDisk iXpand Flash Drives Wrap Around Your iPhone

PizzaDome Makes Roughing it Less Rough

PizzaDome Makes Roughing it Less Rough

SpotMini Is a Robot Dog That Does Chores for You

SpotMini Is a Robot Dog That Does Chores for You

Andbot Is a Humanoid Robot Butler

Andbot Is a Humanoid Robot Butler

More from Awesomer Media...

The Awesomer Logo MightyMega Logo 95octane Logo