Facebook wants to replace in-person business meetings and Zoom calls with a virtual reality world where people are represented by avatars. The company revealed its plans with an open beta test of ...

But with virtual reality, the terms of that connection have been upped exponentially. “We’ve connected 1.65 billion people through Facebook,” Zuckerberg says.

Facebook was early to virtual reality. In 2014, it paid $2 billion to buy the headset start-up Oculus VR. At the time, Mr. Zuckerberg promised that the technology would “enable you to ...

Facebook Unveils Virtual Reality App For Remote Working. ByRobert Hart, Former Staff. Robert Hart is a former London-based Forbes senior reporter. Aug 19, 2021, 07:40am EDT Aug 19, 2021, 08:25am EDT.

Facebook bought virtual reality startup Oculus VR for $2 billion last year, saying at the time that Oculus would be part of Facebook’s plan to share experiences with friends.

Since buying the small virtual reality startup Oculus eight years ago, Meta has become the dominant player in the space, claiming 90 percent of all virtual reality headset sales. The FTC has noticed.