Mark Zuckerberg Talks Optimistically About VR

Mark Zuckerberg's vision for VR and AR at Facebook is "taking a bit longer than we thought" to materialize, he said Wednesday during the company's quarterly earnings call. Facebook purchased Oculus, a virtual reality headset startup, five years ago, but has struggled to cultivate even a niche audience for the product. The tech giant is still betting on a future where VR is more prominent — Facebook unveiled its newest VR headset, the Oculus Quest, in May, and the product has made headway in early sales. When Facebook bought VR headset maker Oculus five years ago for $2 billion (plus $1 billion it paid in employee retention packages and goal targets), it reflected a belief that VR hardware was the future.



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