Who is Oculus owned by now?
Oculus is a company that specializes in virtual reality technology. It was founded by Palmer Luckey in 2012 and has since been acquired by Facebook. In this article, we will explore who owns Oculus now and the details of the acquisition.
Ownership of Oculus
As mentioned earlier, Oculus was founded by Palmer Luckey in 2012. However, in 2014, Facebook acquired the company for $2 billion. This acquisition was a strategic move for Facebook as it wanted to expand its reach beyond social media and into virtual reality technology.
Under Facebook’s ownership, Oculus has continued to develop and release new virtual reality products. These products include the Oculus Rift, which is a high-end virtual reality headset, and the Oculus Go, which is a more affordable option for consumers.
Facebook’s acquisition of Oculus has been met with some controversy, as some have raised concerns about the potential for Facebook to use its vast resources to dominate the virtual reality market. However, others argue that Facebook’s ownership of Oculus has allowed the company to invest more heavily in virtual reality technology and bring it to a wider audience.
Conclusion
In conclusion, Oculus is now owned by Facebook after being acquired for $2 billion in 2014. Under Facebook’s ownership, Oculus has continued to develop and release new virtual reality products. While there have been some concerns about the potential for Facebook to dominate the market, many argue that the acquisition has allowed Oculus to invest more heavily in virtual reality technology and bring it to a wider audience.
