Facebook Makes $2B Bet That Oculus Headset Will Be Center Of Social Life

wochit technology
March 26, 2014 AT 3:29 AM
Facebook is making a $2 billion bet that a virtual-reality headset will one day become the center of its users' social lives. The world's largest social network yesterday said it is buying Oculus VR, pushing into wearable hardware for the first time, and stepping into a race with Google. Oculus, based in Irvine, California, makes a ski-goggles-like device called 'Rift' that people can wear to play games and that may eventually let them feel like they are watching sports courtside.