Posted Apr. 1, 2014 at 1:00 p.m.

Premium Lock Vivek Wadhwa: Facebook's moonshot is a wise move in a time of radical change

Published: 2014-04-01 13:00:00
Updated: 2014-04-01 13:00:00

Facebook buys Oculus  In this Jan. 7, 2014 file photo, show attendees play a video game wearing Oculus Rift virtual reality headsets at the Intel booth at the International Consumer Electronics Show(CES), in Las Vegas. Facebook said Tuesday, March 25, 2014, it has agreed to buy Oculus for $2 billion, betting that its virtual reality may be a new way for people to communicate, learn or be entertained. (AP Photo/Jae C. Hong, File) Image 1 of 2 · Next Image…

Analysis: Facebook's recent acquisition of WhatsApp for a record-breaking $19 billion offers Facebook a unique advantage in the rapidly growing mobile-social-media space; and its acquisition of virtual-reality headset maker Oculus gives it an edge in the future market for virtual-reality displays. Though Mark Zuckerberg may have missed the opportunity to invent his own technologies, he is now doing the smart thing by using Facebook's stock as a currency to buy what he needs....

Read More
Read More

WRAL TechWire any time: Twitter, Facebook

Editor's Blog

Editor's Blog

The latest blog posts from our WRAL TechWire and WRAL editors. Read more articles…

Please Log In to add a comment.

Best of TechWire Insider

Techwire Inside Partners

OUR INSIDERS

Frank Vinluan
Life science
Vivek Wadhwa
Commentary
Dr. Mike Walden
Tech economy
Scroll