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  • Underdogs no more: NYC's $125 billion tech ecosystem adds 45,000 jobs

    New York's techies used to brag that they were the underdogs. That's changing.

    FORTUNE -- Unlike those tech workers over in Silicon Valley who live in a Google-bussing, Glass-wearing, Playa-sharing comfort bubble of soft landings and superhero universities, New York startups are toughing it out in the real world. Or so the trope has gone.

    New York, a distant No. 2 to Silicon Valley, has "grit and grime"; it's "real and raw," according to MORE

    - Apr 4, 2014 1:48 PM ET
  • What will social media's giants look like in 5 or 10 years?

    Five years ago, Facebook trailed MySpace, Twitter was busy harpooning its Fail Whale, and LinkedIn was valued at $1 billion and turning a profit. Where will they be five years from now?

    By John Patrick Pullen

    FORTUNE -- Imagine a future where you'll be able to physically reach out to poke your Facebook friends (gross), where tweets are the de facto mode of communication for large-scale emergencies (cool), and where people log into Google MORE

    Apr 2, 2014 5:00 AM ET
  • Behind Facebook and Google's random acquisitions

    The spate of pricey deals are a reflection of uncertainty as the companies search for tech's next big thing.

    By Catherine Tucker

    FORTUNE -- A lot of attention has been paid lately to big tech companies buying up smaller firms in billion-dollar deals: In January, Google acquired Nest for $3.2 billion, Facebook purchased mobile message service, WhatsApp, the following month for $19 billion; last week, it acquired virtual reality gaming company, Oculus VR, for MORE

    Apr 1, 2014 3:47 PM ET
  • 5 social media skills millennials lack

    They know how to connect with people they already know, but aren't as good at using social media to boost their careers.

    By Ryan Holmes

    FORTUNE – They're the generation brought up on Facebook. Some have never known a world without the Internet. The innermost details of their lives have been exhaustively Instagrammed, and they get their news from Twitter, not TV.

    But when it comes to using social MORE

    Mar 28, 2014 12:13 PM ET
  • Facebook, Sony make a play for virtual reality

    With Facebook purchasing Oculus VR for $2 billion and Sony readying Project Morpheus for PlayStation 4, virtual reality is having a moment. Is this the time it will go mainstream?

    By John Gaudiosi

    FORTUNE -- One of the big trends from the Game Developers Conference (GDC) in San Francisco last week was virtual reality. Oculus Rift, which was conceived by 21-year-old Palmer Luckey and raised $2.4 million in crowdfunding on Kickstarter back in MORE

    Mar 27, 2014 3:06 PM ET
  • Dear Kickstarters: Stop complaining about Oculus deal

    Kickstarter backers are restless over Oculus selling out to Facebook. But if they want to blame someone, look to Washington, D.C.

    FORTUNE -- The backlash to Facebook's planned $2 billion acquisition of reality headset maker Oculus VR has been swift and vehement.

    No surprise there -- users frequently complain when a beloved service or app gets snapped up by a larger company. Users revolted when Facebook (FB) bought Instagram. They revolted when Yahoo bought Tumblr. They MORE

    - Mar 26, 2014 4:48 PM ET
  • Despite setbacks, tech industry presses on immigration reform

    Fortune checks in on the cause with the president of the controversial FWD.us lobby, Joe Green.

    FORTUNE -- Facing long odds, the U.S. technology industry is continuing to push Congress to enact comprehensive immigration reform this year.

    The effort, led by Joe Green, president of the bipartisan group FWD.us, got off to a rocky start. After it ran ads in support of the Keystone XL pipeline and in opposition to the Affordable MORE

    - Mar 26, 2014 5:00 AM ET
  • Oculus VR isn't a 'pre-revenue' startup

    Facebook's latest greatest acquisition has generated around $23 million in revenue.

    FORTUNE -- Facebook (FB) set the tech world buzzing this evening, by announcing plans to acquire virtual headset maker Oculus VR for $2 billion. This marks the third time Facebook has strayed from its M&A strategy of acqui-hires. Unlike the first deviation, however, the most recent two targets have generated some real revenue.

    Typically, Facebook buys a small startup and folds its product into its own, shutting down the startup. MORE

    - Mar 25, 2014 8:21 PM ET
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  • Oculus Rift is ground-breaking, but competition was fast approaching

    Oculus started out peddling its wares on Kickstarter. Now it's got a powerful ally with deep pockets.

    FORTUNE -- With Facebook's $2 billion acquisition of a virtual reality headset maker today, CEO Mark Zuckerberg had a lot of explaining to do. What does a social network like Facebook (FB) need with a piece of gaming hardware? In a conference call this evening, Zuckerberg sold analysts on the deal, under the premise of blending social media MORE

    - Mar 25, 2014 7:46 PM ET
  • Facebook buys Oculus VR, a virtual reality gaming company, for $2 billion

    Zuckerberg views gaming headset as a "new communication platform."

    FORTUNE -- Facebook's deals are becoming the stuff of legend. In the last few months alone, Mark Zuckerberg has spent $19 billion on a messaging app, and reports say he's paying $60 million for a drone company. Today he announced Facebook's latest head-scratcher: $2 billion for Oculus VR, the maker of a virtual reality gaming headset called Oculus Rift.

    It marks the third time Facebook has paid a billion MORE

    - Mar 25, 2014 6:08 PM ET
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