Facebook’s Bold Bet: Why Did Mark Zuckerberg Acquire Oculus?
In March 2014, Facebook made a shocking announcement that left many in the tech industry scratching their heads. The social media giant had acquired Oculus VR, a then-little-known virtual reality (VR) technology company, for a whopping $2 billion. The question on everyone’s mind was: why did Facebook buy Oculus? Was it a strategic business move, … Read more