The Rise and Fall of VR Hype: 10 Years After Facebook's Oculus Acquisition

The gaming industry's fascination with virtual reality reached a fever pitch in 2014 when Facebook acquired Oculus for $2 billion. At the time, it seemed like a bold move that would propel VR into the mainstream. However, 10 years on, the industry is still waiting for VR to deliver on its promise. Despite significant advancements in technology and the emergence of new players like Sony and Apple, VR remains a niche market. The story of Oculus and its founder, Palmer Luckey, serves as a cautionary tale about the dangers of hype and the importance of delivering on promises. Luckey's subsequent fall from grace, including his involvement in a pro-Trump 'shitposting' organization and his current work in defense contracting, has also raised questions about the ethics and values of the tech industry.