The economics of Facebook’s virtual reality

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Facebook hiring spree hints at ambitions in virtual reality

Virtual reality goggles, drones and data centers are all driving a hiring spree at Facebook that is set to swell its ranks as much as 14 percent in the near term, according to a review of job listings on the company’s website. The Internet social networking company aims to add nearly 1,200 new employees, the outgrowth of aggressive investments that executives have said will define the coming year. Oculus Rift, the maker of virtual reality headsets that Facebook acquired in a $2 billion deal last year, is among the key areas slated for growth, with 54 jobs listed on its website, according to a review by Reuters of listings. Among the roles that Facebook needs to fill for the Oculus business are managers to oversee logistics, procurement and global supply chain planning – a sign, some analysts say, that the product is nearing its commercial release. ….[READ]

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