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YouTube for kids and Pinterest ad sales on the way? The week in social media

on Mar 27, 2014 | 0 comments

By Iona St Joseph

Facebook buys Oculus for $2bn

Mark Zuckerberg has been spending again, this time acquiring reality-hardware maker Oculus $2bn, which is pocket change compared to the $19bn acquisition of WhatsApp.

Zuckerberg described virtual reality as the “next major computing platform after mobile”, and it seems like he’s looking ahead to the technology of tomorrow, as he’s concentrating on what could be the next mobile platform.
Oculus is the creator of the acclaimed ‘Oculus Rift’ headset, and was a company that was originally targeted at PC Gamers, but Zuckerberg clearly has plans to make it more mainstream.

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Source: The Drum