Description: Facebook has become a conglomerate. As the world’s largest social network Facebook doesn’t need any of these companies. As Facebook Inc. they are invaluable.
Date: April 3, 2014
As the dust settles on Facebook’s $2BN purchase of virtual reality headset maker Oculus Rift last week, WHY?! remains the question on everyone’s lips. What’s more it is the second time we’ve made this exclamation in as many months after Facebook spent a seemingly ludicrous amount of money ($19BN) on WhatsApp. Look a little further back and the pattern repeated itself when Facebook spent $1BN acquiring Instagram. Read the full story.
Questions for discussion:
1. Do you agree with this perspective on why Facebook chose to purchase these companies? Why or why not?
2. What do you think Facebook will do with the new networks and technologies they have acquired?