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Social media spawning a new breed of money-making machines

Social media spawning a new breed of money-making machines

It's very easy to forget that social media is not a charitable institution that wants you to connect to the world. The truth of the matter is that we humans love drama, and we thrive on gossip. The minute you score a new gig, you immediately share it on Facebook. Controversial news – let's spill it on Twitter! 'I'm the next best photographer with a new phone'; sure Instagram is there, and for the crafty-you – Pinterest is your best friend. Once you've been hooked to the platform, the monetization game begins.

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Oculus VR Facebook rebranding tipped: new interface and logo [UPDATE: Denied]

Oculus VR Facebook rebranding tipped: new interface and logo [UPDATE: Denied]

There’s a big change going on at Oculus VR this week. After announcing that they’d been acquired by Facebook for $2 billion USD in stock and cash, the team felt some relatively significant backlash from the internet-based public. Now they may be in for a second wave as word - the anonymous type, mind you - suggests that Facebook’s plans are to rebrand Oculus with a new interface and logo.

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The internet is Not Happy about Facebook buying Oculus

The internet is Not Happy about Facebook buying Oculus

News of Facebook splashing out $2bn to buy virtual reality headset startup Oculus has prompted not only surprise but horror among developers and fans, with the company facing a sizable backlash as the news spreads. Developers and would-be gamers waiting for the consumer Rift headset have reacted for the most part negatively, accusing Oculus of "selling out" and voicing concerns that the project will wither and die at Mark Zuckerberg's hand.

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Facebook buys Oculus for Rift VR social

Facebook buys Oculus for Rift VR social

Facebook has bought Oculus, spending $2bn on the maker of the Oculus Rift virtual reality headset, in what the social network says will be a push to grow 3D vision in gaming, communications, and "new social experiences." The deal, which will be made up of around $400m in cash and the remainder in Facebook stock, is expected to close before the end of June 2014, and will help Facebook in not playing catch-up to future platforms as, founder Mark Zuckerberg concedes, it did with mobile.

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