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On Oculus Rift and Facebook’s grand acquisitions

26
Mar
2014

So… Microsoft buys Nokia, Yahoo buys Tumblr, Twitter buys Vine, Google buys Nest, Facebook buys Instagram, Facebook buys WhatsApp, Facebook buys Oculus Rift. Notice the pattern in the recent big tech acquisitions? Facebook is really, really spending big on getting all futuristic. It may seem like distant past, but Facebook’s acquisition of Instagram was viewed as potentially foolhardy when it happened. The monstrous growth of Instagram and its recent success in the hot micro video segment has pretty much proven Facebook made the right call. Tuesday’s acquisition of Oculus Rift seems wildly extravagant — paying $2 billion for an exciting, but seemingly niche, high-end immersive gaming technology is kind of loopy. But Facebook apparently views buying the future as a must. WhatsApp cost

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