Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Wednesday 26 March 2014 4:32 am

One Reddit user said Zuck was visiting Oculus’ offices a month ago – and everyone ignored him

By: Peter Spence

Add as a preferred source on Google

The latest addition to Mark Zuckerberg's Facebook empire has gotten many of Reddit's users very heated up.

A part of the messageboard dedicated to Oculus Rift, which the social media giant announced it would be acquiring yesterday, is filled with anti-Facebook entries.

Maybe that's why one user was ignored when he reported that the Facebook founder and CEO had been seen visiting the offices of the virtual reality startup one month ago.

Reddit user threewolfmtn said that while his "friend works in the same building as Oculus, and he ran into Mark Zuckerberg taking the elevator to Oculus' floor."

He asks whether other users of the messageboard believe think that "he was just checking it out? Or is there somethign [sic] more devious going on?"

Almost all of the earliest responses were dismissive, with one user joking that it was "just Mark trying to figure out new ways to jam his social network into more teeneagers [sic] heads."

The deal announced yesterday has frustrated many who wanted the startup to stay independent. But when the offer came it was too good to resist, with Zuckerberg paying $2bn in cash and stock.

Oculus Rift's founder, Palmer Luckey, has been defending the move on Reddit himself. He insists that "we won't change" and that "if anything, our hardware and software wil get even more open". Rift may even come down in price as a result.

Credit Suisse call it Facebook's "second blockbuster acquisiton of the year", and identify it as strategically similar to the Zuckerberg's call to buy Whatsapp for $19bn last month.

Analysts at the bank say that "the deal is part of the social-networking company's vast ambition to connect people across all kinds of devices and modes of communication."

That's seemingly what Zuckerberg has in mind. He says in a post on his personal Facebook profile that Oculus Rift "is really a new communication platform", and that it will enable users to feel "truly present".

Many analysts agreed that picking up Whatsapp was a great call, but investors are now becoming used to software startups with hefty price tags. It's been a long time since we've seen large amounts of money spent on infant hardware companies.

Facebook shares are expected to close down when the NYSE opens this afternoon.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Related Topics

  • Mark Zuckerberg
  • People

Trending Articles

  • Brewdog chief executive quits after only one year

  • Housebuilding giants hit with £4.5bn lawsuit for allegedly overcharging buyers

  • Burnham tax plans spark investor rush to bank capital gains

  • UK ‘no longer a serious place’ says Hedge fund boss after losing £200m tax battle

  • As it happened: Stocks jump on defence and metals boost; Oil on track to shed a fifth on US-Iran peace hopes

More from City PM

  • Bluesky bets on the end of X and Meta’s social media grip

    Tech
    Elon Musk owns X
  • VPN demand rockets as UK prepares for under-16 social media ban

    Tech
    Getty Images logo on a digital screen, symbolizing media and photography industry presence in news and business contexts
  • Wimbledon hikes prize money but refuses to bow to tennis stars’ demands

    Sport Business
    Getty Images logo on a business news website, showcasing media branding and editorial content integration
  • Wimbledon stars Sinner and Sabalenka drop threat after progress in prize money talks

    Sport Business
  • Musk brands UK a ‘police state’ as Big Tech rebels against Starmer’s social media ban

    Tech
    Getty Images logo on a digital screen, symbolizing media and photography industry presence in news and business contexts
  • Northern Trust Receives Approval for New EU Banking Branch in Ireland

    Business Wire
  • M&G Extends Relationship with SS&C to Support Platform Operations

    Business Wire
  • KBRA Relocates to Expanded London Offices to Support Growth

    Business Wire

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy