Is Facebook Doubling Down on Virtual Reality?

Facebook (NASDAQ: FB) acquired virtual reality (VR) headset maker Oculus in 2014 at a price somewhere in the range of $3 billion, with hopes that VR would emerge as the next big computing platform. Success in the space hasn't been easy to come by, with weaker-than-expected consumer headset sales and a shortage of must-have content resulting in headsets not seeing much adoption outside a niche audience. But Facebook is still committed to the space and its Oculus division.

The latest sign of that commitment came late last month when the social media giant announced it is acquiring Beat Games, the maker of Beat Saber, a music-based game that's become one of the most popular and critically games for VR platforms. No price on the deal has been reported, but it's an intriguing move, and Facebook could be making more big virtual-reality investments in the not-too-distant future.

Image source: Oculus.

Source Fool.com