What Explains Facebook Oculus’ Acquisition Spree?

“Either we’re going to create simulations that are indistinguishable from reality or civilization will cease to exist, those are the two options.”

Elon Musk

Facebook has acquired BigBox VR for an undisclosed amount to up its VR game. Gaming industry veteran Chia Chin Lee (he previously led teams at Sony and Disney) and Gabe Brown founded BigBox in 2016. The duo is also the brains behind the popular Facebook game Marvel: Avengers Alliance. 

“We continue to invest in content that fosters social connection, and we believe POP: ONE delivers this experience to the VR community in spades within a super fun gaming experience,” Mike Verdu, VP of Content, Facebook Reality Labs, said in a blogpost.

Population: One, launched nine months ago, is one of the top-performing games on the Oculus platform. Though similar to battle royale games such as Fortnite and PlayerUnknown’s Battlegrounds in terms of mechanics, Population: One is built for virtual reality. Gamers (it allows 24 players at a time) can climb, fly, and jump as if in real life.

Subscribe to our Newsletter

Join our editors every weekday evening as they steer you through the most significant news of the day, introduce you to fresh perspectives, and provide unexpected moments of joy
Your newsletter subscriptions are subject to AIM Privacy Policy and Terms and Conditions.

VR acquisitions

In April, Facebook acquired Downpour Interactive, another popular virtual reality game developer behind the hit multiplayer military simulator Onward. Like POP: One, Onward has been on the Oculus platform for several years now.

Facebook also acquired VR firms such as Ready at Dawn (creator of Lone Echo) in June 2020, Sanzaru Games (Asgard’s Warth) in February 2020, and Beat Games (Beat Saber) in November 2019.

The Oculus story

Oculus’s history as an independent company has been pretty brief. Facebook acquired Oculus for a jaw-dropping $2 billion in 2014, just two years of its establishment. Co-founder Palmer Luckey, a VR enthusiast since his teens (he once claimed to have the largest personal collection of VR headsets) and a journalism degree dropout, founded Oculus with John Carmack (also the co-founder of id Software; the lead programmer of Doom, Wolfenstein 3D, and Quake). One of the major and earlier successes of Oculus was the VR headset Oculus Rift, which wowed the industry. Needless to say, Facebook was hooked.

Since the acquisition of Oculus, Facebook has launched two major VR headsets–Oculus Quest and Oculus Quest 2. The company has also set up Oculus Studio that focuses on funding, publishing, and advisory services for third party studios to create games and VR experiences. 

In 2020, as part of the rebranding efforts of Facebook’s VR and AR technologies, Oculus was folded into “Facebook Reality Labs” with Spark AR, Facebook’s augmented reality team, and Portal, Facebook’s video conferencing smart screen device.

Facebook’s VR/AR ambitions

In an earlier interview, Facebook founder Mark Zuckerberg said, “VR is going to be bigger than people realise.”The world is moving into a future where people work, play, and interact in these virtual and augmented worlds. Facebook wants to shape the next generation of computing platforms to be more about people interaction and not just apps and tasks, he added.

A recent report showed Facebook has nearly 10,000 employees working in AR/VR. Meaning, the Facebook Reality Labs division accounts for almost a fifth of the total headcount at Facebook. “I think it really makes sense for us to invest deeply to help shape what I think is going to be the next major computing platform, this combination of augmented and virtual reality, to make sure that it develops in this way that is fundamentally about people being present with each other and coming together,” said Zuckerberg.

In February this year, Facebook announced it would integrate its Messenger app with Oculus Quest. If the move pays off, a natural progression for Facebook would be to plug VR into Workplace from Facebook and change the collaboration game for good.

Shraddha Goled
I am a technology journalist with AIM. I write stories focused on the AI landscape in India and around the world with a special interest in analysing its long term impact on individuals and societies. Reach out to me at shraddha.goled@analyticsindiamag.com.

Download our Mobile App


AI Hackathons, Coding & Learning

Host Hackathons & Recruit Great Data Talent!

AIM Research

Pioneering advanced AI market research

Request Customised Insights & Surveys for the AI Industry

The Gold Standard for Recognizing Excellence in Data Science and Tech Workplaces

With Best Firm Certification, you can effortlessly delve into the minds of your employees, unveil invaluable perspectives, and gain distinguished acclaim for fostering an exceptional company culture.

AIM Leaders Council

World’s Biggest Community Exclusively For Senior Executives In Data Science And Analytics.

3 Ways to Join our Community

Telegram group

Discover special offers, top stories, upcoming events, and more.

Discord Server

Stay Connected with a larger ecosystem of data science and ML Professionals

Subscribe to our Daily newsletter

Get our daily awesome stories & videos in your inbox

Subscribe to Our Newsletter

The Belamy, our weekly Newsletter is a rage. Just enter your email below.