Facebook has announced that it will buy the Virtual Reality technology company Oculus, for around $2 Billion. The deal gives Facebook leverage in the wearable-technology market so it can compete with the likes of Google Glass.

“Mobile is the platform of today, and now we’re also getting ready for the platforms of tomorrow,” Zuckerberg said. “Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate.”

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It will be interesting to see what people think of this new acquisition. Especially with Facebook just buying Whatsapp for a whopping $19 Billion. In my personal opinion, I thought Oculus would sell for alot more. Read the full article here.