No, Microsoft and Sony Don't Need to Worry About the Facebook-Oculus Deal

If you believe what you may have read online in the past 24 hours, in about five to 10 years we'll all be donning high-tech goggles when we go online, interacting with people who may be on the other side of the planet in virtual shops, classrooms and city streets. This sci-fi future will have been brought to you by Facebook, thanks to its inspired and forward-looking acquisition of Oculus VR back in 2014.

That appears to be the dream of Facebook CEO Mark Zuckerberg, who spoke about creating new kinds of social experiences, enabled by Oculus' immersive technology. He even name-checked his competition on a conference call about the $2 billion deal, saying that Sony and Microsoft's current offerings in immersive technology will never be as far-reaching as Facebook's because they're strictly console plays. Read more...