The U.S. Federal Trade Commission said today that Facebook could proceed with its acquisition of virtual reality startup Oculus VR. The social media giant bought Oculus for $2 billion last month in a bid to make VR a mass-market technology, via its Oculus Rift headset. “We’re pleased the FTC approved the Oculus acquisition,” a Facebook spokesman told Re/code. Facebook shares are currently trading down 1.5 percent, and are 4.5 percent below their pre-acquisition price.
This article originally appeared on Recode.net.
We're here to shed some clarity
One of our core beliefs here at Vox is that everyone needs and deserves access to the information that helps them understand the world, regardless of whether they can pay for a subscription. With the 2024 election on the horizon, more people are turning to us for clear and balanced explanations of the issues and policies at stake. We’re so grateful that we’re on track to hit 85,000 contributions to the Vox Contributions program before the end of the year, which in turn helps us keep this work free. We need to add 2,500 contributions this month to hit that goal.
Will you make a contribution today to help us hit this goal and support our policy coverage? Any amount helps.
Yes, I'll give $5/month
Yes, I'll give $5/month
We accept credit card, Apple Pay, and
Google Pay. You can also contribute via