There's never been anything quite like Facebook. As a company, Facebook specializes in collecting, hoarding, keeping and engaging users. As a social network, it dominates the market with the largest user base. Facebook has a monopoly as the social network of choice for friends and families.
When people grow tired of posting photos and videos on social media, what then? Virtual-reality posts, according to Mark Zuckerberg.
Facebook-owned Oculus VR has purchased Pebbles Interfaces, an Israeli company that develops gesture-control and motion-sensor technology.
Oculus VR came under fire last week after its CEO said the company will fund development of about two dozen "Oculus-exclusive" games for its virtual reality headset. The company has now responded to the complaints, saying some of those games may eventually come to other VR platforms.
Microsoft Research has developed a lens system it believes is superior to the one in a developer's version of the Oculus VR Rift headset.
Samsung's announcement of the Galaxy Note 4, Galaxy Note Edge and especially the Gear VR virtual reality headset raised questions over whether the new devices can help correct the company's lackluster first half financials, which were partly blamed on slow Galaxy S 5 sales.
With its acquisition of virtual reality gaming company Oculus VR , Facebook may have found a way to lure back younger users to the social network.