Facebook Buys Oculus

One of the biggest purchases of this week which surprised both me and the tech community was Facebook’s recent buyout of the Oculus Company and device. The Company was bought out for $400 million dollars in cash, $1.6 Billion in Facebook stock, and an additional $300 million will be given if the product meets certain performance quote. Although this may seem like a lot of money (which for any other person it is) I don’t believe the Facebook stock would be worth it. Facebook is a Social Media based website much like Myspace, it’s a fad that might die out in the future. If you look at a quote for the Facebook stock you’ll notice the odd traveling pattern for its odd stock pattern. But if I were to think about it in the long run, Facebook is a Company willing to make investments to make something better, so they could be the next Apple.

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