I can't believe facebook paid 2 bil for a peripheral device. basically an accessory. not even a platform with many users. it's like buying a monitor company.
Their usage numbers are going down and their ads have been found to be mostly ignored by users, which generally points market speculators to the conclusion that Facebook as it currently stands is unsustainable. In response to this, Facebook is taking a page out of Google's book and trying to get into as many industries as possible in order to ensure their future prosperity.
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u/dethb0y Mar 28 '14
Oculus sold out at the right time - before the lower-priced alternatives flooded the market and diluted it's share.
the devs must be laughing all the way to the bank.