Facebook’s Acquisition of Oculus VR in 2 Billion Dollars: Right or Wrong?

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Facebook CEO Mark Zuckerberg is becoming shopaholic day by day recently he purchased WhatsApp for around $19 billion and a drone company Titan Aerospace for $60 Million.

WhatsApp is on a path to connect 1 billion people, said Zuckerberg in his filing. The services that reach that milestone are all incredibly valuable.

Well it’s crystal clear through Facebook recent purchase that this social media site is now becoming a giant in corporate world. But few months ago it was not like that Facebook wasn’t able to make it’s pace with new technology trends. All it was doing was adding small features and  plethora of ads. Now CEO has realized that threat and started to work over it, as the acquisition of Whats app has given the new dimension and approach to Facebook in mobile-social media-space. Mark Zuckerberg craves for more recently the acquisition of virtual-reality headset maker Oculus is a proof that CEO is quite futuristic in his decision. This acquisition will give him a dominance in future market of virtual reality display. On Tuesday he said that:

Our mission is to make the world more open and connected, Zuckerberg. We have a lot more to do on mobile, but at this point we feel we’re in a position where we can start focusing on what platforms will come next to enable even more useful, entertaining and personal experiences.

This showed that he is becoming more future forward sort of person and he has started living in the future. CEO is gathering maximum advantage under the shelter of Facebook as he is not able to fabricate his own technology but he is witty enough to buy them and give them his name.

Facebook Enters the Hardware Market

Facebook has now entered into hardware business and it’s an entirely different world without any doubt. Hardware demands entirely different techniques and outlays. After purchasing Oculus, Facebook has changed its dimension. Hardware requires many inventions and manufacturing diversification. It also necessitates proper channel management and customer support system and Facebook is naive in it. Facebook is basically a social media site that gains its revenue from ads, gimmicks and games. It has no concern with hardware. This acquisition doesn’t make any sense. Google had purchased Motorola in past and faced many hurdles in order to flourish it. Similarly, Microsoft tolerated billion dollar loss when the company bought Xbox and years were spend to convert it into successful brand. Facebook is trying to renovate itself because it was becoming a doomed name once.

Facebook's Acquisition of Oculus VR

Hitting virtual reality would be an entirely different task of 360 degree shift for the company.

Virtual reality was once the dream of science fiction. But the internet was also once a dream, and so were computers and smartphones. The future is coming and we have a chance to build it together. I can’t wait to start working with the whole team at Oculus to bring this future to the world, and to unlock new worlds for all of us. -CEO Mark Zuckerberg

Facebook’s Acquisition of Oculus VR

Mark Zuckerberg is very excited at this purchase, indeed he is very optimistic and futuristic person. Moon shots are exciting and highlighted term now days. Its main function is to serve as ideas and to become a research spot. Zuckerberg welcome users by saying:

Enjoying a court side seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor face-to-face —just by putting on goggles in your home.

Facebook's Acquisition of Oculus VR

These days the most shocking news is the Facebook’s Acquisition of Oculus VR. Oculus is becoming a well known device publically. Even The Rift headset are quite rare and only available as developer kit. It requires a lot of work and effort to make it a well known name in households worldwide like Twitter, Facebook and Whats app. If the team of developers work on it and create a bunch of games and even if some companies add rift to their popular games then the question still remain the same. That the customers are ready enough to bring a giant, weirdo, head worn monitor in their home costing according to rumors $500. Apart from these factors, Facebook still buy Oculus for around $2 billion on Tuesday, followed by spending $400 million in cash and offering 23.1 million shares of Facebook common stock, that have a range about $1.6 billion based on recent averages.

Oculus’s mission is to enable you to experience the impossible, CEO continued. Their technology opens up the possibility of completely new kinds of experiences.

Mark has great ideas in his mind related to the rectification and launch of Oculus in future. On the other side there is bandwagon of critics that consider this acquisition nothing but a loss. Although! It’s a turning point for Facebook  that this company has seen zenith of glory, fall and now gain renovating itself to flourish itself again.

After games, we’re going to make Oculus a platform for many other experiences.