Facebook just won’t stop, but where is it going? The company announced late Tuesday its agreement to acquire virtual reality headset maker Oculus VR for a tidy $2 billion. The acquisition, not to mention the price tag, has left quite a few people scratching their heads.
After Facebook announced in late February its agreement to buy WhatsApp for a mind-numbing $16 billion (plus $3 billion in restricted stock options awarded to WhatsApp employees), many of us assumed the company would slow down its pace of billion-dollar acquisitions. Mark Zuckerberg was even quoted as saying that “after buying a company for $16 billion, you’re probably done for a while.” Apparently when you're a billionaire, “a while” means “a month,” because that's how long it took Facebook to cut another check with nine zeroes on it.
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