fboculusFacebook has just announced that it's acquiring Oculus VR, the company who created the virtual reality headgear Oculus VR that's taking the gaming world by storm over the past year or so. The deal is worth roughly $2 billion in both cash and Facebook stock, as well as additional cash payouts that will come should Oculus reach certain milestones set by Facebook. The Oculus Rift has become a fairly household name since its initial successful funding via Kickstarter back in August of 2012, and had been the talk of the town by pretty much anyone who has tried the device for themselves. It's widely considered the device that will finally bring virtual reality technology to the mainstream. During GDC last week, even Sony announced their own VR headset to work with the Playstation 4. Virtual reality feels like "the next big thing" in gaming and it's largely thanks to Oculus's impressive tech and affordable pricing.

Oculus Rift has even made a splash in the world of mobile, as in July of last year Oculus CEO Brendan Iribe talked about how far mobile hardware has advanced and that they envisioned the Oculus Rift being something that could just run directly from your mobile device. This was further hammered home the following October when Oculus Rift support was officially announced for Android, with iOS still a hopeful goal assuming they could work around Apple's more strict App Store guidelines.

According to Mark Zuckerberg, it appears they view virtual reality as the NEXT next big thing, as the CEO of Facebook stated "Mobile is the platform of today, and now we’re also getting ready for the platforms of tomorrow. Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate." Facebook says they have plans to expand the work Oculus is doing with VR beyond the world of gaming, including areas like communications, entertainment, education and more.

The prospect of something as awesome as Oculus being bought by a huge company like Facebook is a scary one, but there's also tremendous potential for it to work out great. Facebook will be able to pump money into Oculus to push the company even further, and obviously Facebook is aware at how important the iOS platform is, and I'm sure they have some of the strongest contacts at Apple as any company, so hopefully this means that an iOS-supported Oculus Rift could actually be in the cards someday. At the very least, this is an interesting development that I didn't see coming, so I'll be anxious to see how it plays out. What do you think, are you excited at the prospect of viewing your Facebook Timeline in virtual reality or does this spell the death of Oculus as we know it?

  • vicsark

    Facebook has decided to poison everything cool for the next decade or what?

    • fearlesskk

      Seems like it

    • M M

      Well it's not like he has a history of taking other people's ideas....oh wait.......

  • vicsark

    If you kickstarted Oculus in 2012 when they got $2.5 millions, now you got yourself an old VR headset.
    If you could have invested in Oculus at the same time, you could have make 250.000$
    (maybe not as much but at leat 100 times your money)

    • http://rekzkarz.com/ REkzkaRZ

      It's strange -- you'd think Kickstarter supporters could have some legal claim to those billions.
      Like 1% split among all kickstarters?

  • Bliquid

    This is great news!
    Wait, no... this is awful.
    Yes, it's awful.

  • Turbobond

    Expand beyond gaming?! How could such technology ever be used for something other than gaming?

    • vicsark

      Virtual tourism could be a good use of VR.
      And now we'll get virtual high school reunion every day for the rest of our lives!

      • 61050

        this would make "google street view vacations" considerably more interesting...

    • sbnewsom

      I guess you never heard of the meta verse, or any vr fiction.

    • RJTwo


  • Morgan01

    Great, another tool FB can use to pry into our lives and monitor everything we do.

    • Chris Brady

      And this is why I am not into VR.

  • defunct32

    Facebook doing the most and achieving the least, look at how messy their website is now, the app on iOS is an abomination!

  • LousyHero

    Wow, that just pretty much ruined it for me. Yet another reason to hate facebook.

  • trazer

    Well, I don't have a Facebook account and never have. I liked the looks of the new vr headset and was really hoping to try one one day, now not so much. I want nothing to do with Facebook so here's hoping for a new up and comer in the field!

    My wife has no Facebook and my teenage daughter also has no Facebook, we just have no desire to share things and be "in contact" with a ton of people. Here we are, all owning tablets of various brands, iPhones and android phones, macs and windows laptops and desktops, and not a Facebook account among us lol.

    • the fish

      Wow. A round of applause for you people. You deserve it!

    • Bliquid

      I have an answer for you: project morpheus, for ps4.
      Anyway, you pretty much described mine and my wife's approach to Facebook so, cheers.

      • Endscrypt

        On the money my bro, I'll catch ya then 😉 #PS4

  • Earth Vs. Me

    The Kickstarter backers deserve a cut of that 2 billion, but of course they won't get a cent from Facebook.

    • vicsark

      With Kickstarter, the consumer gets all the risk and none of the potential profit an investor expects.
      That's the now obvious and huge difference between a kickstarter backer and an investor.

      Not saying it's a bad model, but I'm not sure everybody understood this discrepancy.

    • Robot:String

      Please, learn the difference between reward-based crowdfunding and equity-based crowdfunding (look it up on the Wikipedia).
      People who backed got exactly what they payed for, and are not entitled to anything else.

      • Tomate Diseño

        But at the same time Oculus VR likely wouldn't exist without the help of those who kickstarted it, that money was meant to go onwards the production of devices, not making the company an attractive option for purchase. As Notch said - "And I did not chip in ten grand to seed a first investment round to build value for a Facebook acquisition." puts it perfectly. If someone lent me a pound to buy a lottery ticket and it won, I - while under no legal obligation to do so - would feel morally obliged to share that wealth. If I kickstart the production of a recorded album (which I've done many times and received "producer" credit as a result) - and that album went "Sgt Pepper" big - would it be beyond reason to the have my faith and help rewarded by anyone with a shred of moral fibre?

  • the fish

    Pls don't fb 🙁

  • swarmster

    Note to self: never Kickstart anything ever.

    What happened to start-ups sticking it out? Will we ever get another Apple if all small companies are just looking for a big buyout? Did Sony scare them that badly? Imagine how many decades the consumer electronics industry would have been set back if Jobs had given in to IBM pressure back in the day.

    It's as if Elon Musk is the only one willing to stand behind a good idea these days.

    • http://rekzkarz.com/ REkzkaRZ

      Nothing wrong with Kickstarting stuff. Don't confuse massive buy-outs with merits of crowd funding!

  • DaFatCookie

    Horrible news FaceBook is just the worst >:(

  • MaqueGenio

    Wait...Valve is still going with their VR project, so there is hope.

  • DeNappa

    Seriously? No april fool's?

  • apolloa

    I got rid of my Facebook account years ago as soon as they started playing around with your security, so glad I did, I hate the fact they sell all your details and let underhand corporations search your profiles like if you apply for a job. Facebook is the most prolific utter pure abuser of personal data protection I have ever known, it's worst than when a large company gets it's data hacked!

    So yeah, it's a sad sad sad day that something with so much promise, will now be utterly ruined. Shame

  • Nakor

    Worst. News. Ever.

  • ThePersonDerp

    Now we can browse Facebook with the headset. (If they would ever do such a thing.)

  • Sestion

    I backed. I waited. I'm sure glad I did at the time but kind of feel like Oculus has been somewhat neutered in the name of FB and it's social-connect to everyone - crap. Many people backed this because of the indie vision and inventive ideas. Ah well. At least the oculus team made it. I just feel it was the community that made oculus what it became and now ... Well ...

  • epik5

    Sure... Whos up for farmville in virtual reality

    • sbnewsom

      Not made by Facebook.

    • sbnewsom

      Did Facebook kill iOS? No?

  • hourglass


  • http://doitbloggystyle.tumblr.com/ Nemerlebb

    I'm worried now

  • zergslayer69

    Can't wait to play candy crush and FarmVille in i virtual reality. And have ads pop up in my face! Immersion! Can't wait to buy whatever is in that ad because I can't stop looking away!

  • br4nd0n

    I'm really looking forward to having hundreds of ads pop up in my face in virtual reality.

  • Nakor

    I know I'm dropping support for the Rift indefinitely. Unless they can somehow convince me those aren't horns sticking out of their heads, Sony's Morpheus suddenly looks FAR more appealing.

    • M M

      Yep I am now officially excited to see what they do with Morpheus.

  • adambates84

    Brilliant VR FarmVille I totally can't wait............NOT!

  • King

    Yep and that's me not giving a damn anymore about oculus rift

  • Spaztika

    I have this sinking feeling in the pit of my stomach.. I've never trusted Facebook.

  • Lazyninja7

    All you guys are ungrateful assholes. Sure facebook has done some unsavory things, but they are buying oculus for 2BILLION DOLLARS. Do you not know how much can be done with that? Not to mention the fact that facebook has connections, and will further the adaption of oculus even more. Like f*cking seriously. This could mean a lot of good things, don't just assume the worst.

    • Lazyninja7

      "Immersive gaming will be the first, and Oculus already has big plans here that won't be changing and we hope to accelerate. The Rift is highly anticipated by the gaming community, and there's a lot of interest from developers in building for this platform. We're going to focus on helping Oculus build out their product and develop partnerships to support more games. Oculus will continue operating independently within Facebook to achieve this."

      That is a direct statement from Mark Zuckerburg. Basically they'll be doing everything they planned, getting more support, more connections. This will probably make the end product less expensive, and better.

      • M M

        Right. But it's Facebook. Why would I want to help someone like zuckerberg make a profit by yet again working off of someone else's idea?

    • http://rekzkarz.com/ REkzkaRZ

      Glad you typed out assholes but self-edited the f*cking.
      It's important when insulting people in a random gamer website rant to remember basic etiquette. JOKING!

    • King

      Zuckerberg its time to stop posting, nobody likes you

    • http://doitbloggystyle.tumblr.com/ Nemerlebb

      Oculus was a dedicated next-gen gaming one of a kind experience. We don't need Facebook and the likes turning it into a cash cow riddled with ads/bullshit. I sensed the oculus was the shock that the gaming scene needed after smartphones took over. And now this beam of hope is dimming. Peace out!

    • M M

      Sorry but I just couldn't disagree more.

  • http://rekzkarz.com/ REkzkaRZ

    I can't see why FB would want Oculus Rift, but I didn't see why Google would want to make cellphones before Android. Maybe they're branching out?
    And y'never know, maybe they won't screw it up? It's possible...

  • Nycteris

    The depressing future in Ready Player One at least had the VR sets neutral. Bleh.

  • Corky McButterpants
  • James B

    facebook virtual reality? ...fail...

  • Mark DeNardo

    This is the strangest gaming news I've heard by far. Welcome to Neuromancer. Please don't mind those ads in your peripheral vision.

  • iAmTheWalrus

    RIP Oculus Rift

  • Alexythimia23

    I think u all are missing the point lol i don't hold a a fb account, i think its self indulgent 24 karat crap diseased with attention seekers and the same old selfies over and over e.g the pulling a face pic, the check how hot i am pic, all the bullshite pic of what an amazing life i have NOTTTTT!! But Facebook is loaded so I'm going to give them the benefit of the doubt, maybe they will get the capital to make it more special, i wudnt mind speaking to my loved ones in virtual reality Skype or some crap like that lmao and its the makers of occulous who decided to sell... So who knows maybe they know they cant give it the future that a bigger company can?? Il have to watch this space, this one might get interesting??!