Credit: David Paul Morris/Bloomberg via Getty Images Back in March 2014, Facebook announced it acquired Oculus, the "leader in immersive virtual reality technology, for a total of approximately $2 ...

Facebook's Oculus has been ordered to pay $500 million after a jury found that Oculus co-founder Palmer Luckey violated a non-disclosure agreement, according to Polygon. It could have been a lot ...

If it’s no longer the only source of revenue, the answers to those questions matter much less — hence, the purchase of Oculus VR. Lately, Facebook’s been buying (and trying to buy ...

Even though Oculus Rift was seen as an exciting gaming gadget, Facebook may do other things with it, including creating a new social experience. Mark Zuckerberg suggested that Facebook aims to ...

Meta has laid off an unspecified number of employees in its Reality Labs division, a company spokesperson confirmed.

As Facebook deals with the growing pains facing its Oculus Rift virtual reality goggles, it may just have a few tricks up its sleeve with new developments, including a stand-alone VR device.

Facebook parent company Meta has laid off an unspecified number of people in its Reality Labs Division. The cuts have ...

Meta Platform, Inc. (META), which used job cuts to fight the inflation-induced softness in 2022, has persisted with the ...

Facebook has agreed to purchase Oculus VR. The press values the deal at about $2 Billion USD in cash and stock. This is great news for Oculus’ investors. The rest of the world has a decidedly ...

When Facebook's virtual reality headset, the Oculus Rift, launches in early 2016, it'll come with an Xbox One gamepad: A standard game controller. But gamepads are a poor solution for interacting ...

Deepa Seetharaman is a reporter covering artificial intelligence from The Wall Street Journal’s tech bureau in San Francisco. Her stories explore the way AI is changing business and society.