• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Gameranx

Gameranx

Video Game News, Lists & Guides

  • News
  • Features
  • Platforms
    • Xbox Series X
    • PS5
    • Nintendo
  • Videos
  • Upcoming Games
  • Guides
  • News
  • Features
  • Platforms
    • Xbox Series X
    • PS5
    • Nintendo
  • Videos
  • Upcoming Games
  • Guides

Facebook Buying Oculus is the Best Possible Thing that Could Happen

March 26, 2014 by Josiah Renaudin

The hardware company couldn’t be happier with the Facebook acquisition.

Yesterday, massive social media king Facebook bought Kickstarter-success story, Oculus Rift. That statement alone is difficult to wrap your mind around, but with $2 billion is on the table, it’s tough to blame the hardware company for making the move. However, this out-of-the-blue acquisition wasn’t just about the money. According to founder Palmer Luckey and vice president of product Nate Mitchell, this pairing is going to help make the Rift a more mainstream, viable product.

“There’s a lot of things we’re going to be able to do not just in the long-term, but in the short-term, that will make the consumer rift cheaper and higher performance without any kind of delay,” Luckey said in an interview with Game Informer. “It lets us make the right tradeoffs. It allows us to make for the long-term future of virtual reality and not the current financial reality.”

“If we can sell hardware at almost no cost, that allows you to pack more quality and components into it,” Mitchell added. “The Oculus Rift just became the ‘zero compromises’ product. It’s the best possible thing that can happen.”

A cheaper headset with greater reach sounds like the VR future we’ve all been hoping for, so hopefully, Facebook can get the Oculus team there. 

Share this post:

FacebookTwitterLinkedInPinterest

Recent Videos

The Story Behind 2025's Biggest Gaming Disaster

The Story Behind 2025's Biggest Gaming Disaster

10 Most BADASS Video Game Weapons of All Time

10 Most BADASS Video Game Weapons of All Time

10 Things Developers REGRETTED Adding To BIG GAMES

10 Things Developers REGRETTED Adding To BIG GAMES

20 Games That HUMILIATE You For Playing BADLY

20 Games That HUMILIATE You For Playing BADLY

EA SETS INSANE TARGET FOR BATTLEFIELD 6, SUBNAUTICA 2 IN TROUBLE & MORE

EA SETS INSANE TARGET FOR BATTLEFIELD 6, SUBNAUTICA 2 IN TROUBLE & MORE

10 Best Games Where The STORY SUCKS

10 Best Games Where The STORY SUCKS

Tony Hawk's Pro Skater 3 + 4 - Before You Buy

Tony Hawk's Pro Skater 3 + 4 - Before You Buy

10 Recent UNLOCKABLES That Pushed Players To Their LIMITS

10 Recent UNLOCKABLES That Pushed Players To Their LIMITS

10 Games That Turned Into MICROTRANSACTION HELLS

10 Games That Turned Into MICROTRANSACTION HELLS

Category: Updates

Sidebar

Recent Posts

  • Best Co-Op Games to Play with Friends in 2025
  • ZeniMax Online Studios Has Yet To Receive Any Layoffs
  • Donkey Kong Bananza Team Wants To “Branch” Franchise Like Mario Series Has
  • New Concerning Report Says Xbox King Studio Replacing Staff With AI Tools
  • Mario Kart World Controls Got Tweaks From Skateboarding Developer

Copyright © 2025 · Gameranx · All Rights Reserved · Powered by Mai Theme