Mark Zuckerberg shows off new wireless Oculus as Facebook plans big for VR

The company’s virtual reality wing will spend another $250m to develop new content, as CEO says the future of VR will be social

Facebook is to invest another $250m in developing content for virtual reality (VR) applications, founder Mark Zuckerberg announced at its Oculus Connect 3 developer conference in San Jose on Thursday.

Facebook has already invested $250m in developing VR content, and said his goal was to quickly bring about his vision of the future connecting people all over the world through virtual experiences.

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Snapchat company’s planned IPO could put value at $25bn – report

The share sale of Snap Inc, which owns the popular picture and video-sharing app, would be largest on US stock exchange since 2014, if report proves true

Snap Inc, the company that owns picture- and video-sharing app Snapchat, is planning an initial public offering that could value the company at a minimum of $25bn, according to a report in the Wall Street Journal.

If the report proves true, the share sale would be the largest on a US stock exchange since 2014, when Chinese e-commerce service Alibaba was first listed at a value of $168bn.

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4A Games is creating a first-person shooter for Oculus Rift, Touch controllers

4A Games has revealed Arktika 1, a new post-apocalyptic first-person shooter built for the new Oculus Touch controllers. It takes place a century into the future during a new ice age caused by something described as a “silent apocalypse.”

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