TIME NextDraft

Why Facebook Wants Oculus Rift and Other Fascinating News on the Web

March 26, 2014


1. VRoooom

I’d love to go shopping with Mark Zuckerberg. People were still buzzing about Facebook’s acquisition of WhatsApp when the company announced they were dropping a cool $2 billion on the makers of the Oculus Rift, a virtual reality headset that enables immersive viewing and gaming. Zuck explained the move into VR and shared his vision for the future: “Imagine enjoying a court side seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor face-to-face — just by putting on goggles in your home.” (Or, imagine the world’s most effective beer goggles…) The Atlantic’s Megan Garber has some answers to your basic questions, including: what’s Oculus Rift?

+ I think Felix Salmon gets it right: “The trick is to use Facebook’s current awesome profitability and size to acquire a portfolio of companies; as one becomes passé, the next will take over. Probably none of them will ever be as big and dominant as Facebook is today, but that’s OK: together, they can be huge.” It’s also worth noting that the tech industry is dominated by a few massive players, and deals like the Oculus acquisition are as much about who didn’t buy a company as who did.

+ Josh Topolsky: Greetings from Planet Facebook.

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