Facebook (FB) is at it again, this time with the surprising purchase of virtual-realty company Oculus VR

Jay Soloff

Argonath Financial

Facebook (FB) is at it again, this time with the surprising purchase of virtual-realty company Oculus VR. The social media giant shelled out $2 billion for Oculus, the maker of the Rift headset. Rift is a device (kind of like ski-goggles) that allows users to see and interact in a virtual-reality setting. Up until now, Oculus had been mostly focused on the video gaming market. But, with FB's resources, the sky's the limit. Keep in mind, above all else, FB is a content provider. Think of the possibilities as FB integrates Oculus into its platform - everything from virtual classrooms and chat rooms to sports competitions with friends. Essentially, FB is pushing the innovation envelope and betting the next technology frontier will be in virtual-realty. For $2 billion, it seems to me like a gamble worth taking.

3 topics

Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment