Facebook buys Oculus VR for $2 billion

By Casey Frye, CCNN Writer

Facebook bought Oculus VR, the company responsible for making the Oculus Rift virtual reality headgear.

Facebook recently announced its plans to buy the company Oculus VR, a firm that specializes in virtual reality headgear. Apparently, Facebook founder Mark Zuckerberg feels that even though the advanced headsets were created for gaming, they’ll eventually offer a whole new dimension in social media communications and education.

The Oculus Rift headgear completely covers both eyes and makes the wearer feel as if they’re actually in another reality. It also responds to head movements, so if a person moves their head in a certain direction, the display will respond accordingly. Though the device is not available to the public just yet, developers are sure it’s going to be the new hot product in gaming. So, what will happen now that the social media site owns the gear?

Apparently, nothing will change for now; Facebook will continue to invest in the project and let Oculus VR do their thing with gaming. In fact, Zuckerberg doesn’t expect to make any money from the purchase anytime soon. He believes the product is far ahead of its competition and will do well for itself. Then, when the time is right, Facebook will look into developing different software for social media and advertising.

This purchase comes shortly after the social media site bought the messenger service WhatsApp for a cool $19 billion. Facebook’s ultimate goal in these large purchases is to create a more connected world.

Images courtesy of Oculus Rift.