Facebook goes Shopping for Oculus VR

Over 1 billion people are actively using Facebook mobile app on the social network stated Mark Zuckerberg during a shopping outing for Oculus VR, a virtual reality company. Facebook believes that the future of computing and social network is virtual reality and wearable device. There is the future beyond the mobile. So, Facebook is putting its money where its belief, vision, and mouth is – offered $400 million in cash; $23.1 million in shares, and $300 million in future earnings. The deal is expected to be sealed and performed before the year runs out.


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