http://www.businessinsider.com/facebook-to-buy-oculus-rift-for-2-billion-2014-3
This is absolutely awful. Dare I say it: VR is dead.
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This is probably good for the Oculus. It will hopefully bring down the price, improve the quality, and speed up the development process. Last year Yahoo bought tumblr for $1.1 billion. You know what they've done to tumblr? Pretty much nothing. I think it will be the same with this deal. It's weird that John Carmack is working for facebook now though.