Facebook Begins User Testing of New ‘Horizon’ VR Social Platform

Facebook sees VR as the future of social media interaction, a future that Facebook wants to own in order to maintain is position on top of the social heap. And its working to do just that – after recently acquiring several top VR game developers[1] an integrating them into its growing Oculus VR division, The Social Network has this week started...

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Here’s everything Oculus just announced

Facebook seems further than ever from beaming us into Ready Player One, Ernest Cline’s dorky VR fever dream. But Oculus, the social network’s virtual reality side project, is still going at it. On stage during its annual developer event, Oculus leaders announced a handful of updates today that seem to inch their vision for VR forward—forward, and (whether you like it or...

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Press Release: Inflight VR closes largest financing round to date

Inflight VR has reached a very crucial milestone in its growth story setting up the company to succeed with its mission to provide businesses in various travel industries with Virtual Reality entertainment solutions. Eight customers in the first year of operations have proven the technology works and passenger feedback of over 95% positive sentiment demonstrates Inflight VR’s role as a...

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Facebook to Acquire Oculus

MENLO PARK, Calif., March 25, 2014 /PRNewswire/ — Facebook today announced that it has reached a definitive agreement to acquire Oculus VR, Inc., the leader in immersive virtual reality technology, for a total of approximately $2 billion. This includes $400 million in cash and 23.1 million shares of Facebook common stock (valued at $1.6 billion based on the average closing price...

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