Gadgetory

stalking your exes on Facebook is about to get a whole lot weirder this is 90 seconds on the verge Facebook has acquired oculus VR makers of the oculus rift headset for two billion dollars that includes four hundred million dollars in cash and over twenty three million shares of Facebook stock it's certainly not the most obvious choice said CEO Mark Zuckerberg quote oculus has the chance to create the most social platform ever the two billion dollar acquisition is twice what Facebook paid for Instagram in 2012 but it's just a fraction of the 16 billion Facebook paid last month to acquire whatsapp it's been quite the success story for Palmer Luckey oculus rift which started as a Kickstarter project in August 2012 where it raised over two million dollars at this month's Game Developers Conference the company unveiled the final development kit featuring a 1080p OLED display that's expected to ship in July for three hundred and fifty dollars aside from the obvious use in first-person shooters the oculus rift is so far been used for touring Jerry Seinfeld's apartment swapping genders and well Biss Sony this month announced its own VR headset for the PlayStation 4 dubbed project Morpheus oculus now has Facebook's resources but it also has some of its baggage Markus Persson better known is not just announced on Twitter that he is canceling an oculus port of minecraft saying quote Facebook creeps me out the acquisition is expected to close in the second quarter of 2014 however a consumer version of the rift headset isn't expecting too late this year or early next and that's today's top story coming up tomorrow facebook acquires me for three billion dollars 1.5