Facebook is known for making waves with new acquisitions, and one of the latest is no exception: Oculus, a virtual reality gaming company Facebook acquired for $2 billion that includes $400 million in cash and 23.1 million shares of Facebook stock. Though Facebook CEO Mark Zuckerberg said that Oculus will continue to focus on gaming in the short term, the deal is actually about staying ahead of the curve and embracing the next big computing platform shift.
Read More