Forums

ForumsVideo Games

Facebook Buying Oculus Rift for $2 Billion

Posted Mar 26, '14 at 12:25am

Drink

Drink

1,589 posts

 

Posted Mar 26, '14 at 12:30am

ScaryLlama

ScaryLlama

22 posts

Things just got a whole lot easier for Project Morpheus.

 

Posted Mar 26, '14 at 12:09pm

TheMostManlyMan

TheMostManlyMan

3,461 posts

I, for one, am pretty cheesed off at this, and it seems that Notch is too. I mean really, what on earth does a social media company need a VR headset company for? When Microsoft tries to make gaming more social everybody laughed at them!

~Manly

 

Posted Mar 26, '14 at 6:55pm

blk2860

blk2860

4,214 posts

Well, at least it's supposedly not going to effect the Rift itself said by this article:

http://time.com/38366/here-are-7-promises-oculus-has-made-after-getting-bought-by-facebook/

I'm pretty skeptical about this, though.

 

Posted Mar 26, '14 at 6:56pm

blk2860

blk2860

4,214 posts

 

Posted Mar 26, '14 at 9:35pm

pickpocket

pickpocket

3,471 posts

Oh goody, adds in first person! Sounds exciting!
Yeah I don't like this. I don't think facebook belongs on the video game front.

 

Posted Mar 27, '14 at 1:11am

xXxDAPRO89xXx

xXxDAPRO89xXx

4,294 posts

Yeah I don't like this. I don't think facebook belongs on the video game front.

Yeah... After buying this and WhatsApp it's clear they're just trying to gain control over a large portion of the digital industry. However, I just can't see Facebook doing video games, at least WhatsApp was social media-esque.

 

Posted Mar 27, '14 at 4:46am

fission12

fission12

63 posts

Hmm, interesting...

Honestly, I am beginning to start to fear for Facebook's growth prospects.  The string of recent acquisitions by Facebook seem to be an attempt to gain exposure to other technology markets.  While this sounds good on paper, I am a bit skeptical whether Facebook has the knowhow and the experience to succeed in other industries.

I would take time to fully explain my concerns, but I found a nice article that explains them better than I could.

http://www.businessinsider.com/why-acquisitions-fail-2012-10

However, I do definitely have to applaud Facebook for using its very richly valued stock to acquire companies.  The current stock price of Facebook prices in a fairly rosy future already, and while it may continue to go up in the meantime, only the future will tell if it is justified. 

Note:  I am not directly saying that Facebook's acquisitions are bad, but I would rather them focus on the core growth of their profit margins and organic growth, rather than using acquisitions as a means of growth. 

-fiss

 
Reply to Facebook Buying Oculus Rift for $2 Billion

You must be logged in to post a reply!