Oculus

Earlier this month, Facebook Inc (NASDAQ: FB) CEO Mark Zuckerberg told employees the company would put new emphasis on growing the metaverse. "In the coming years, I expect people will transition from seeing us primarily as a social media company to seeing us as a metaverse company,”...

Facebook Inc (NASDAQ: FB) may let the users of its Oculus virtual-reality headset synchronize workout data with Apple Inc’s (NASDAQ: AAPL) Health application, Bloomberg reported Monday. What Happened: Should Facebook go ahead with its plan, users will be able to sync Oculus Move data with...

Facebook Inc. (NASDAQ: FB) has nearly 10,000 people working in its group developing augmented and virtual reality devices, according to a report by The Information (via the Verge). What Happened: The headcount suggests that almost one-fifth of Facebook’s global workforce is working...

Shares of a tiny music recording industry penny stock rocketed higher Thursday in a case of stock mistaken identity. What Happened: Shares of Luminar Media Group Inc (Pink: LRGR) rocketed higher as traders appeared to confuse the company with Luminar Technologies (NASDAQ: LAZR). Luminar...

The Virtual Reality space is gearing up for the release of Facebook Inc's (NASDAQ: FB) wireless VR headset – the Oculus Quest 2. What Happened: Video game developer Oculus announced the launch of the VR headset on Wednesday that can be pre-ordered at $299. Shipping is expected...

Virtual reality headset maker Oculus announced Tuesday that a user account with parent company Facebook Inc's (NASDAQ: FB) namesake social media platform would be necessary to log into its devices beginning October 2020. What Happened The Mark Zuckerberg-led company’s VR...

Facebook, Inc. (NASDAQ: FB) announced a new logo Monday to differentiate the parent company of services from the original app that shares its name. The new concept is all caps and color-adaptive to suit whichever subsidiary is open. “The new company branding is designed to help us better...

Social media stocks are back in favor: they've held up fairly well despite the broader market downturn seen since the start of August. Especially for Facebook, Inc. (NASDAQ: FB) and Snap Inc (NYSE: SNAP), it has been a redemption of sorts. Source: Y Charts The following is an...

Legal teams at the world’s top tech companies are bracing for a new era — one that aligns the real world with an increasingly expansive virtual one. Facebook Inc (NASDAQ: FB)’s Oculus and Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG)’s Daydream already market virtual reality...

Tigress Financial Partners said in a note Thursday Facebook Inc (NASDAQ: FB) continues to prove it can monetize its users. The firm said the company's business performance continues to increase, driven by greater monthly and daily active users, which is fueling strong gains in advertising revenue...

In what could bring about a major upheaval in the virtual reality arena, Facebook Inc (NASDAQ: FB) is working on an economy Oculus VR headset, which could hit the market as early as next year, Bloomberg said, quoting people familiar with the matter. The proposed gadget priced at $200 is aimed at...

Technology-focused Gene Munster peeked into another realm of reality last week at the Cannes Film Festival and discovered filmmakers eagerly awaiting progress in virtual reality. The new medium is expected to transform storytelling by more fully immersing viewers in an alternate world, provoking...

UBS raised its price target for Facebook Inc (NASDAQ: FB) Thursday after the social media platform reported first-quarter results that analyst Eric J. Sheridan called "solid." Facebook reported a Q1 EPS of $1.04 after the close Wednesday, missing estimates by $0.08; sales of $8.032...

Commenting on Facebook Inc (NASDAQ: FB)'s third-quarter results, Cantor Fitzgerald said the company's growth is bound to slow down from the torrid 50 percent year-over-year rate. 3Q Review Analyst Youssef Squali attributed the outperformance to the following factors: Healthy MAU growth and...

JMP reiterated its Market Outperform rating and raised price target on Facebook Inc (NASDAQ: FB) after the social media giant's blowout quarter silenced its critics who were opining that rising competition was stagnating user growth and monetization. Facebook's second-quarter EPS/revenue of $0.97/$...