Facebook is Spending Money Like Drunken Sailors
Wow! After buying Instagram for $1 billion in 2012, then WhatsApp for $19 billion last month, Facebook is right back at it. This time they've bought Oculus VR for $2 billion, as they announced today. Well, I have no idea what to make of it yet, but you can't call them cheap or cowardly. If they want it, they go out and get it.
It should be noted that Oculus VR started with a Kickstarter campaign for their Oculus Rift virtual reality headset in 2012. According to Re/Code, to date they've sold 75,000 units of the first version Rift to developers and just announced version two.