Zuckerberg’s Plan: Oculus Acquisition to Outmaneuver Apple

An Unexpected Acquisition: Facebook Buys Oculus for $2 Billion

Ten years ago, Facebook, now known as Meta, made a surprising move by acquiring Oculus, a startup specializing in virtual reality (VR) technology. The acquisition, which cost over $2 billion, raised many eyebrows in the tech industry. People wondered why a social media company would be interested in a VR company. However, it soon became clear that Mark Zuckerberg, the CEO of Meta, had a plan to outplay Apple in the XR (extended reality) space.