Facebook’s Acquisition of Oculus: The Social Network’s Virtual Reality Play
Facebook's acquisition of Oculus VR in 2014 marked a significant milestone in the tech industry's journey toward virtual reality (VR). By purchasing the company for approximately $2 billion, Facebook aimed to integrate VR technology into its platform, expanding its reach beyond social networking into immersive experiences. This case study explores the background of Oculus, the rationale behind the acquisition, the challenges faced during integration, and the broader implications for social media, technology, and the gaming industry. Background of Oculus VR...