Facebook’s $2B Oculus Buy Angers Users

Social media giant FacebookEUs $2 billion Oculus VR acquisition is sparking some strong reactions. One analyst suggested CEO Mark Zuckerberg was nuts and the companyEUs stock is trending down in morning trading. Oculus VR supporters arenEUt happy, either.

LetEUs review: Oculus is developing as a heavy hitter in immersive virtual reality technology. The company has established plenty of interest among developers, having posted more than 75,000 development kit orders for the Oculus Rift, its virtual reality headset.

Facebook is betting about $2 billion on the virtual reality technology and hopes to change the future of social media with it. But itEUs not an all-cash deal. Facebook is forking over $400 million in cash and 23.1 million shares of its common stock. So why are people so upset?

EUWhat in hell was the point of Kickstarter if you sell out to a giant company like Facebook? This is very disappointing. I will no longer be supporting the Oculus Rift in any way,EU said Kickstarter campaign user Mike Cooper on the project's Kickstarter comment board. Another commenter, Adam Willis, agreed itEUs a EUterrible idea.EU

The Future of the Web

Ray Young, an analyst at investment banking firm Sterne Agree, is taking a different view. He told us the acquisition is strategic and aimed at the future of computing and the future of the Web.

When he looks at the deal from FacebookEUs perspective, he can see why the company believes virtual reality has the potential to become the most social platform ever in the next five to 10 years as the world evolves beyond the mobile platform.

EUWe think the rationale is if Facebook can own the pipe, the platform or the operating system of the future, it will have much greater control over its destiny,EU Young said. EUWe believe Oculus has some of the most...

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