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 MOREErin Griffith - Mar 25, 2014 7:46 PM ET
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 MOREErin Griffith - Mar 25, 2014 6:08 PM ET
The big orange circle is Google's Motorola. The big blue one is Facebook's WhatsApp.
FORTUNE -- I can't vouch for the accuracy of the data in this infographic, created by business insurance provider Simply Business and posted Friday on TechCrunch, but even if it's a little off it gives you a good feel for how Apple's (AAPL) relatively small, targeted acquisitions compare with such multibillion dollar deals as Google (GOOG) buying Motorola ($12.5 MOREPhilip Elmer-DeWitt - Mar 7, 2014 11:37 AM ET
The social networking company is reportedly in talks to buy the drone manufacturer.
By Clay Dillow
FORTUNE -- Google isn't the only web giant buying its way into the robotics game, or the ubiquitous global Internet game, for that matter. According to TechCrunch, Facebook is in talks to buy Titan Aerospace, a maker of high-flying, solar powered drone aircraft capable of staying aloft for up to five years without ever having MOREMar 4, 2014 2:16 PM ET
Think of it, writes Kara Swisher, as the price Facebook must pay for not having a mobile OS.
FORTUNE -- Judging from the sheer volume of commentary generated by Facebook's (FB) $19 billion offer for WhatsApp, it seems everybody in the tech world is having a hard time swallowing the sticker price, even if most of it comes in the form of Facebook shares that may or may not be overvalued.
$19 billion puts MOREPhilip Elmer-DeWitt - Feb 20, 2014 10:51 AM ET
Facebook is buying WhatsApp for $19 billion, but it wasn't the only suitor.
My colleague Dan Primack has written a smart post on the numbers that weren't in the press release Facebook (FB) issued announcing it will acquire messaging service WhatsApp. I'll add just one more:
Two separate sources have told me that's how much Google (GOOG) offered to purchase WhatsApp. The bid did not come with promise of MOREJessi Hempel, writer - Feb 20, 2014 6:26 AM ET
When heads of state travel to the United States, they make sure to visit its technology mecca. Here's why.
By Verne Kopytoff
FORTUNE -- Foreign leaders visiting the United States can fill their itineraries from a long list of fabulous destinations to conduct international diplomacy. Scenic mountains, balmy beaches, and a certain city that never sleeps would seem like top contenders. But instead, presidents and prime ministers from around the world MOREFeb 20, 2014 5:00 AM ET
You know what's cool? $19 billion
FORTUNE -- Remember back in 2012 when a billion dollars seemed like a lot of money to pay for a fast-growing photosharing app called Instagram? Turns out, that's nothing. Facebook (FB) has just announced plans to purchase mobile messaging service WhatsApp for at least 16 times that. The company will pay an additional $3 billion in restricted stock units to be granted to WhatsApp employees MOREJessi Hempel, writer - Feb 19, 2014 6:14 PM ET
Secret is the latest in a line of faddish apps -- and we're burning through fads faster than ever
FORTUNE -- In a scant few days, social media app Secret went from a viral hit to a bona fide phenomenon. Launched just over a week ago, the iOS app allows users to anonymously share notes and photos.
It's been steadily climbing the App Store rankings, cracking the top 20 in social networking MOREErin Griffith - Feb 12, 2014 5:00 AM ET
How the biggest social network has won over more than 1 million of the smallest companies.
FORTUNE -- On Wednesday morning, Kay Martinovic advertised a sale at her Ormond Beach, Fla. consignment store, aptly named Kay's Designer Consignment. She paid $40 for a "boost" on Facebook (FB), which caused her store's ad to appear in fans' newsfeeds. She targeted women in the more affluent nearby communities including the town of Smyrna MOREJessi Hempel, writer - Feb 10, 2014 8:52 AM ET
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