Remember that Facebook paid $2B for Oculus while you watch its new ‘Spaces’ VR app in action

[Mike Wehner]

Virtual reality might not be catching on as fast as some early adopters would have liked, but it's certainly not dying any time soon. Oculus, once the household name in the VR space, was sold to Facebook for $2 billion a few years back, and today the social network finally revealed what everyone knew would happen sooner or later: a virtual reality Facebook app. It's called Facebook Spaces, and it might be the Oculus Rift's last, best chance at reestablishing itself as the leader in VR.

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