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And then what?

It's got to be connected to the core competencies of the company, otherwise it's just a conglomerate and FB has shown zero signs that this what they intend to do. All of the language of the acquisition is that they will be using this tech to reinforce what they already do.

I'm excited to announce that we've agreed to acquire Oculus VR, the leader in virtual reality technology.

Our mission is to make the world more open and connected. For the past few years, this has mostly meant building mobile apps that help you share with the people you care about. We have a lot more to do on mobile, but at this point we feel we're in a position where we can start focusing on what platforms will come next to enable even more useful, entertaining and personal experiences.

And that's why people hate this acquisition, because OVR could have been so much more than just yet another vehicle for FB to push social. FB social could have been just one aspect of what OVR could have enabled, now it's the only thing.



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