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The Facebook Bubble

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Will the Facebook Bubble Burst Any Time Soon?

Posted by Martin McCarthy on March 26, 2014 at 6:05 PM Comments comments (0)



The Advent of AR and Facebook

On a conference call following the deal's announcement, Facebook founder Mark Zuckerberg implied that the device — dreamed up by Oculus founder Palmer Luckey specifically with gaming in mind — would allow his social networking company to vault users into a new realm of human connectivity.


Just how that might work not only remains to be seen, but also is subject to Oculus Rift goggles becoming less bulky and more sophisticated. In fact, for some tech observers Facebook's acquisition was all about keeping Google out of the virtual reality picture – perhaps at a cost, at least initially: after weeks of gains, Facebook shares slumped Wednesday 7% to $60.39.


"The subtext here is the epic battle playing out now between Facebook and Google," says Peter Sealey, an early Facebook adviser and former marketing chief at Coca-Cola and Columbia Pictures.


"There's no question that virtual reality is the future, and you can particularly see those leaps being made in the business space with teleconferencing, just like the huge leap made from the days of chalkboard presentations to Power Point," he says. "Zuckerberg is clearly saying (Facebook) means to be a player in this area."


Silicon Valley tech forecaster Paul Saffo says he was shocked that it wasn't Google buying Oculus, or for that matter "one of the big consumer tech companies, such as Sony, which has already demonstrated its interest in this area with the (Oculus competitor) Morpheus glasses."


Saffo says he can see how Facebook could incorporate virtual reality into its current social media experience "if they go the route of Second Life," an avatar-based world where players can trade and buy virtual goods and services. "Facebook right now is a one-dimensional experience, and they could use Rift to made it 3-D."


Although Saffo was impressed with Rift when he demoed a pair, he says the experience "gave me a headache, and may give others vertigo. I'm sure Moore's Law (an axiom that implies an exponential leap in technological innovations) is on Zuckerberg's side, but it's still an ambitious vision."


Besides waiting for technological improvements, another roadblock to a more immediate application of Oculus Rift is the simple fact that for nearly four decades, "there has been a lot of hype about immersive virtual reality, but none of it has clicked with average people to date," says Danah Boyd of Microsoft Research, and author of the new book It's Complicated: The Social Lives of Networked Teens.


"The closest we've gotten is IMAX," she says. "There are lots of questions to be asked and innovation to be done, but I think that any predictions about everyday usage are nothing more than speculation at this point."


Nonetheless, virtual reality augmenting the way we connect is likely more a matter of when than if, says Larry Chiagouris, professor of marketing at Pace University.


"This is a brilliant move on Zuckerberg's part, and a big contrast to Google's Glass," he says. "Facebook is all about sharing, and this technology clearly will allow sharing beyond anything we've seen thus far."


Chiagouris allows that mass adoption will hinge on a Rift successor being far smaller than the present device, which is the size of ski goggles. But he adds that if there is one inviolable tech trend, it's the miniaturization of everything.


"This purchase is just a small step in the direction we're all heading, which is an immersive experience for all of the senses," he says. "If someone tomorrow invents something that allows you to explore someone's thoughts, I'm sure Facebook will buy that, too."

Facebook is again in the news for buying out oculus rift, I truly think Facebook is going nuts with it money. Yes I do agree that Mark Zuckerberg is an optimistic person, but with his strategy of just taking over other companies for more than a billion dollars is just a ridiculous scene.


  1. The acquisition of Instagram for $1 billion: Instagram took to the top app in a week of its launch with in two years of its launch it was sold. The reason being undetermined really, besides that fact that Facebook paid all that cash for the sake of its user base.
  2. The acquisition of Whatsapp: Combining the the users from Instagram and Whats app the total amount of customers would fall around the corner of 450 million roughly around the globe. Additionally facebook users over lap with all those other customers. WhatsApp also did not deserve any of the kind of valuation that it received.
  3. Lastly the oculus rift is the accusation that has again shook the tech community with its whooping 2 billion dollar takeover.