Facebook Buys Virtual Reality Device Maker In Bet On ‘Platform of Tomorrow’


Facebook CEO Mark Zuckerberg thinks he’s discovered the future of social-networking: connecting people in a virtual world.

That’s the rationale he offered for Facebook’s announced $2-billion purchase of Oculus VR, an Irvine, Calif.-based virtual-reality company that’s currently working on a headset for 3-D gaming. The long-term notion is for people to have face-to-face interactions with each other, not just to post in each other’s news feeds.

“Oculus has the potential to be the most social platform ever,” he said. “Today social networks are about sharing moments, but tomorrow it will be about sharing experiences.”

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