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Facebook and Oculus Acquire Hand Tracking Tech Company - Stocks in the News

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Oculus, the Facebook ( FB ) owned virtual reality designer, announced today that it has reached an agreement to acquire Pebbles Interfaces, an Israeli-based company specializing in hand tracking technology and sensors.

Pebbles Interfaces marks Oculus' fourth acquisition since the company was taken over by Facebook, all with the goal of expanding the company's virtual reality experience. While the first version of the Oculus Rift product, a VR device worn around the head, is set to be the most immersive experience to date, the alternate "reality" lacks a lot of elements of the human body. By acquiring Pebbles Interfaces, Oculus is showing their intent to bring users' hands into the virtual reality world.

In today's blog post announcement, Oculus described the benefits they hope to see from the acquisition: "Over time, technology breakthroughs in sensors will unlock new human interaction methods in VR and revolutionize the way people communicate in virtual worlds."

It's clear that Facebook has big plans for Oculus that go much further than just playing video games. As VR technology continues to expand, consumers could be in store for a whole new world. The possibilities are truly endless, and it will be really interesting to see how VR affects Facebook's bottom line in the future.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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