Facebook Wants to Dominate Virtual Reality
Facebook (NASDAQ: FB) has started taking virtual reality (VR) very seriously over the last few years. The company isn't just making headsets anymore; it has become one of the biggest developers in the industry after acquiring the most successful VR studios around. Facebook hopes VR can be its next growth platform despite having a relatively small base of a few million users.
What's not yet clear is whether or not being a VR platform and a content developer will be the best strategy in the long term. Here's how VR is playing out for the social media giant and how Facebook is hoping to create the dominant VR platform.
Image source: Oculus
Source Fool.com
