Facebook announced publicly that it plans to acquire virtual reality company Oculus VR for $ 2 billion . Oculus VR . It 's the latest high - profile acquisition during the for the social media industry . Facebook previously bought Instagram , Twitter and many other successful startups .
Facebook announced publicly that it plans to acquire virtual reality company Oculus VR for $ 2 billion . It 's the latest high - profile acquisition during the for the social media industry . Facebook previously bought Instagram , Twitter and many other successful startups .