The Facebook Inc (FB) Shopping Spree

facebookA couple days ago, social networking giant Facebook Inc (NASDAQ:FB) announced that it would be acquiring Oculus, a small company that has been developing an exciting new immersive virtual reality platform, in a deal worth $2 billion. Of that, $400 million will be in cash, and the rest will be in Facebook stock.

In this segment from Friday’s Tech Teardown, host Erin Kennedy and Motley Fool tech and telecom bureau chief Evan Niu take a close look at the acquisition, and look at some of the possible ideas for why this niche gamer technology would be interesting to the world’s largest social network, as well as how dilutive Facebook’s recent acquisitions using stock have been for shareholders.

Watch the video below for more details:

Related: Complete List Of Global X Social Media Index ETF (SOCL) Holdings

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