Facebook buys virtual reality company Oculus for $2 billion

FACEBOOK has announced it‘s splashing out $2 billion on virtual reality company Oculus. So, what does it mean for stalking your Facebook crush?

FACEBOOK has just announced that it is buying Oculus, a virtual reality technology company, for about $2 billion in cash and shares.

Facebook said it would build on Oculus’ technology, including a virtual reality headset aimed at gamers, seeking to use it in other areas such as communications, education, and entertainment.

The deal will comprise $400 million in cash and 23.1 million Facebook shares to Oculus shareholders, the social network said.

It called Oculus the leader in immersive virtual reality technology with a strong following among developers.

The company has already garnered more than 75,000 orders for the $350 development kits for the Oculus Rift headset.

The headset has been praised with for its ability to bring gamers into the gaming world like never before, immersing players by making the screen the only thing they can see, and using headtracking technology to make you feel like you are the character you’re playing.

“While the applications for virtual reality technology beyond gaming are in their nascent stages, several industries are already experimenting with the technology.”

“Mobile is the platform of today, and now we’re also getting ready for the platforms of tomorrow,” Facebook chief executive Mark Zuckerberg said in a statement.

“Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate.”

Like any tech announcement though, the internet was quick to respond in hilarity.

"Connect with friends and the world around you on Facebook." pic.twitter.com/W3hLsGoIoF

— Spencer Chen (@spencerchen) March 25, 2014

IT SURE IS NICE A NICE DAY OUTSIDE TO BROWSE MY NEWSFEED pic.twitter.com/X7pCbsN0Xr

— Owen Williams (@ow) March 25, 2014