VR Still ‘Very Rough,’ But ‘Excited’ for the Future, says Zuckerberg

January 19, 2015 | FRΛNK R.

Last year, when Facebook acquired Oculus VR for $2 billion, the tech world was taken by surprise that a social networking giant would now be leading the way into the future of virtual reality.

Oculus has continued to operate independently within … Read More

Facebook’s Long-Term Bet in Oculus to Sell 50-100 Million Units

November 1, 2014 | FRΛNK R.

Earlier this week during a Q3 2014 earnings conference call with investors, Facebook CEO Mark Zuckerberg briefly discussed its long-term commitment to Oculus VR and reaffirmed his belief in the Oculus Rift and VR becoming the future of computing — however, Zuckerberg … Read More

Facebook Announces to Buy Oculus VR for $2 Billion

March 25, 2014 | FRΛNK R.

In a surprising turn of events, Facebook has announced today that it has reached a definitive agreement to acquire Oculus VR, Inc., the company behind the highly-anticipated Oculus Rift virtual reality headset, for approximately $2 billion. This includes $400 million … Read More