Oculus was a virtual reality company founded by Palmer Luckey. It was acquired by Facebook, now known as Meta, for $2 billion in cash and stock. Virtual reality has been a major initiative for Meta.

Oculus founder and defense contractor Palmer Luckey claims to have built a VR headset that, should its wearer’s avatar die in a game, blows up the user’s head with “explosive charge modules.” Ha ha.

Despite producing one of the best VR headsets around, the Quest 3, Meta's Reality Labs division just isn't making any money. Nearly $2 billion of revenue in 2023 was completely swallowed by $18 ...

Click to share on X (Opens in new window) X Click to share on Facebook (Opens in new window) Facebook In the last several decades, technology has ramped up beyond almost anyone’s expectations. Devices ...

Facebook is closing around 200 of its 500 Oculus virtual reality demo stations at Best Buy locations across the US, Business Insider has learned. The scaling back of Facebook’s first big retail push ...

John Carmack, former CTO of Oculus and legendary programmer, isn’t shy when it comes to voicing his opinions on all things XR. To Carmack, Meta’s block-slashing rhythm game Beat Saber (2018) was “far ...

Meta currently offers two VR headsets, the Quest 2 and the Quest Pro. In June, the company announced it will release the Quest 3. More details are expected at the Meta Connect conference in September.

$10 billion loss in 2020, $16 billion loss in 2023—and it's only going to get worse, says Meta. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works.