Social Media Giant Facebook buys Oculus Rift for $2 Billion

As you all might know by now, social media bully Facebook has now bought yet another social media newcomer, Oculus VR- the company behind the Oculus Rift. For those unfamiliar with this social media platform, it is a virtual reality headset and a potential game-changers in the three-dimensional virtual reality world.

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Facebook announced Tuesday that it had purchased Oculus VR for $2 billion and sent shockwaves through the gaming community. Worried that Facebook would slap it’s social media branding all over the company, some were outraged.

As with Instagram and Whatsapp, the question and concern of the Facebook brand has plagued this acquisition as well. Users of Oculus Rift do not want the company publicly associated with Facebook. The latest group upset by this sale are Oculus’ financial backers. Wanting a cut of the profits, have yet to receive a check.

Facebook has made it clear that it intends to avoid placing any branding on Oculus RV; much like it has done with Whatsap and Instagram. It ensured inquiring minds that Oculus will be left alone to operate independently but will be financially supported and backed by Facebook. Many are skeptical if this is actually true. Only time will tell.