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Facebook’s new multi billion dollar toy: Oculus Rift

Apr 9, 10:42 am

by Chaz Busby, Online Marketing Strategist
Do you hear that? It’s the ubiquitous moans of tech enthusiasts around the world as Mark Zuckerburg announces that Facebook has made another head-scratcher of an acquisition. This time, Facebook has finalized a deal purchasing the virtual reality hardware company, Oculus VR, for $2 billion.
Fans of this new virtual reality technology are pretty dang mad about this acquisition. Could it be that the collective internet population is overreacting? The answer is, as usual, yes.

I think the real reason Oculus stakeholders feel betrayed is because the company began years ago as a crowd-funded Kickstarter project. The startup turned to the tech community for seed money, and then profited off of it by “selling out” to a company that is held in low esteem by the tech community. This looks bad on everyone involved. Countless top industry names got behind the technology and endorsed the product as “the future of gaming,” and even John Carmack, the creator of Doom, joined ...

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