In a deal worth $2 billion, Facebook (META 0.42%) is buying Oculus VR, a company that makes virtual reality goggles. The headset, called the Oculus Rift, is currently only used for playing video games, so how will this integrate with Facebook's business? The market may have felt a little confusion on that point as well, as shares of Facebook sold off today to the tune of 5%.
In this segment of Wednesday's Investor Beat, host Chris Hill and Motley Fool analyst Jason Moser discuss the acquisition, and the future of Facebook. While Jason admits being confused by the deal at first, he sees Facebook and its CEO, Mark Zuckerberg, of having the luxury of not needing to answer the question of "why" at the moment. As the company works toward its long-term goals of new and powerful avenues for user engagement, it has the ability to make several of these small bets to test and explore along the way. Jason sees Facebook as a story that will continue to play out for investors over as long a timeline as the next two to three decades, with much yet unseen to come in that time.