Stock Advisor launched in February of 2002. People may receive compensation for some links to products and services on this website. In 2016, Facebook launched Oculus' first consumer headset, the Rift CV1. The Quest seemingly struck the right balance between phone-based VR headsets, which offered less immersive experiences, and PC-based VR headsets, which required cumbersome cables and high-end hardware. It can play the same games as the original Quest, as well as PC games via the Oculus Link cable. And yes, Oculus is Owned by Facebook On March 25, 2014, Facebook spent $2 billion to acquire Oculus. We’re motley! Acquisition positions Facebook to accelerate Oculus’ growth in gaming, communications and new social experiences MENLO PARK, CALIF. – March 25, 2014 – Facebook today announced that it has reached a definitive agreement to acquire Oculus VR, Inc., the leader in immersive virtual reality technology, for a total of approximately $2 billion. But it will likely extend Facebook's lead in the VR headset market, and put it in pole position to profit from the growth of the VR market -- which could still grow at a compound annual growth rate of 21.6% between 2020 and 2027, according to Grand View Research. Bringing the world closer through the power of virtual reality. Five years after its $2 billion purchase of Oculus, Facebook is still pushing forward in its efforts to bring virtual reality to a mainstream audience. Back in May, Facebook announced it sold over $100 million in VR content for the Quest over the past year -- which implied each Quest owner bought roughly over $140 in content for their headsets. However, Facebook wants to diversify its revenue sources. Recently, Facebook acquired virtual reality game developers Beat Games and Sanzaru Games to bolster Oculus’s content division. Oculus devices are back in stock, but Facebook still worries about supply constraints. In May 2019, Facebook released new versions of Oculus virtual reality headsets into the market. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. It was bought out by a little company known as Facebook (NASDAQ:FB) for a cash and stock deal valued at $2.3 billion. The demand for Oculus devices continues to spike as the coronavirus continues to spread, which results in stock-outs. The acquisition raised eyebrows, since Oculus hadn't launched a single commercial product yet. "Even if Oculus fails to capture the gaming population, Facebook's stock should not suffer as the mobile expansion of Facebook's platform will outweigh the failed headset. The Quest 2 is still $100 more expensive than the weaker stand-alone Go, which lacked six degrees of freedom (6DOF) movement, but customers were clearly willing to pay $399 for the first-gen Quest's beefier hardware and 6DOF capabilities. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Looking past the virus pandemic, there are reasons for investors to remain optimistic about Facebook stock. Companies have asked their employees to work from home to avoid spreading or catching the deadly coronavirus. 2,619 talking about this. But the upcoming launch of the Quest 2 could significantly expand Facebook's lead against its rivals in the nascent VR market for three simple reasons. Through Oculus, Facebook has its sights on the $27 billion virtual reality hardware and software market. Cumulative Growth of a $10,000 Investment in Stock Advisor, 3 Reasons Facebook's Oculus Quest 2 Will Expand Its VR Market @themotleyfool #stocks $FB $GOOGL $SONY $GOOG. Six years ago, Facebook acquired Oculus for $2 billion in cash and stock. Facebook Horizon is an ever-expanding VR world to explore, play and create. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. And landed Facebook a much desired foot into the gaming and virtual reality world. For those of you playing along at home, that means Facebook purchased Oculus VR for $3 billion total — not the $2 billion that was reported in 2014. Facebook's line of PC-only VR headsets ends as Rift S stock dries up The Oculus Rift line is coming to an end. Although the coronavirus … Facebook can likely take a loss on each Quest 2 headset for two simple reasons. Consumer headset, the virtual reality business, is one source of optimism work from home to avoid spreading catching... Sales last year, according to Trendforce ” 2,619 talking about this and yes, Oculus is Owned Facebook! 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