Good Morning Web 3 - guides and resources for brands and individuals to jump into the next phase of the internet

Facebook ‘to continue investing heavily’ in Oculus says Zuckerberg

Earlier this week social giant Facebook’s acquisition of Oculus Rift virtual reality (VR) head-mounted display (HMD) creator Oculus VR came full circle as it was finally completed. The buyout took a huge investment from the former, spending over $2 billion USD. Since the deal was announced Oculus VR itself has made some high-profile acquisitions and hires, suggesting Facebook was ready and willing to invest further. According to CEO Mark Zuckerberg, it won’t be stopping there.


Zuckerberg confirmed as much in a recent investor call. As Gamasutra reports, the famed Facebook creator stated that the company would ‘continue investing heavily’ as time went on.

“We’ve mostly been a company that has played on top of the different mobile foundations other people have built,” Zuckerberg said. “One of the things I care really deeply about on a 10-year arc for the company is having a different relation to what the next set of computing platforms are. We can help define what the next generation of computing is going to be.”

He continued, speaking highly of Oculus VR: “We’re really excited to welcome that team. They’re extremely talented and have pulled off something that people have been talking about for a really long time and now is possible thanks to the technology that team has developed.

“Expect us to continue investing heavily, and our costs will increase,” he told investors. “There are huge opportunities to build the next generation of computing platforms.”

Oculus VR will soon be hosting its first ever developer conference, Oculus Connect, in Hollywood, California on 19th – 20th September 2014. You can be sure that even more news will come from the company, which is currently shipping is second development kit (DK2) out to pre-order customers. VRFocus will continue to follow both Facebook and Oculus VR going forward, reporting back with any more updates.

Related Posts