Pursuits
Facebook Makes $2 Billion Bet on Virtual Reality With Oculus
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Facebook Inc. is making a $2 billion bet that a virtual-reality headset will one day become the center of its users’ social lives.
The largest social network yesterday said it is buying Oculus VR Inc., pushing into wearable hardware for the first time and stepping into a race with Google Inc. Irvine, California-based Oculus makes a ski-goggles-like device called Rift, now used for playing games, that eventually could immerse people in experiences like classes and sport events.