Facebook Inc (NASDAQ:FB) Says Oculus Touch Is Now Available

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Facebook Inc (NASDAQ:FB) Says Oculus Touch Is Now Available

Facebook Inc (NASDAQ:FB) disclosed that Oculus touch is now available for consumers. The company is one of the few companies that use its cash very effectively. The social media firm has also been mindful of its future and the focus area to keep revenue growing.

The company revealed the launch of its highly-expected Touch controllers through online, as well as, in stores. It would enable users to bring hands into virtual reality for most possible immersive experience. As a result, users could gesture intuitively apart from manipulating digital objections with precision.

Therefore, users would feel comfortable with seamless experiences of VR for a deep sense of presence.

Facebook indicated that it is releasing 54 games, as well as, experiences along with the Touch launch. The company indicated that every design meant to make social interaction and immersion so authentic. Users could duke it in a free-throw contest at center court or challenge friends hidden in a magicians’ world of duels. Users could also cling on to mountain face halfway in the globe.

In a blog, the social media firm said, “Hand presence opens up new opportunities to interact with others while experiencing VR — and this is just the first step. We can’t wait to see the next wave of immersive content made possible with Touch.”

In July 22, 2014, Facebook disclosed that it was acquiring Oculus VR for about $2 billion. The company paid about $400 million in cash and 23.1 million through stock. As part of the agreement, the social media firm would have to pay incentives of $300 million on achieving some milestones in the future.

The company is trying to monetize its investments made in the past.

Following the news, the stock gained 0.12 percent to $117.45.

Published on 07/12/2016 – www.stockmarketdaily.co – Follow us on Twitter: @SMDailyCo and Facebook: @StockMarketDaily

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