Cool Gadgets, Gizmos, Games and Geek Stuff on Technabob
VISIT OUR OTHER SITES: THE AWESOMER | 95OCTANE

Technabob is reader-supported. When you buy through links on our site, we may earn an affiliate commission.
As an Amazon Associate I earn from qualifying purchases. Learn more.

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.┬áThe 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]



Funko The Nightmare Before Christmas Advent Calendar

Funko The Nightmare Before Christmas Advent Calendar

Autonomous

Autonomous

The Hood Internet: 1991 + 1992

The Hood Internet: 1991 + 1992

Advertisement
Ford Launches 2021 Transit Van Prep Packages as RV Sales Boom

Ford Launches 2021 Transit Van Prep Packages as RV Sales Boom

Updated 2021 Honda Accord Gains Features and Sport SE Trim

Updated 2021 Honda Accord Gains Features and Sport SE Trim

Nissan Shuffles 2021 Altima Range and Offers Pricing Details

Nissan Shuffles 2021 Altima Range and Offers Pricing Details

Advertisement