Facebook changes an Oculus division’s name, invents term “Facebook Reality”

Ars Technica -------- Nearly four years ago, Facebook paid roughly $2 billion to acquire the virtual reality company Oculus, yet since then, Oculus has continued operating as a formal, separate entity. All of the shared companies' VR hardware and software have been sold and marketed under the "Oculus" brand, though sometimes with a "from Facebook" disclaimer. That's still the case, but Monday marked the first notable divergence from this trend. That's when Oculus chief scientist Michael Abrash announced a pretty significant pivot. "Oculus Research has a new name—starting today, we will be known as Facebook Reality Labs (FRL)," he wrote (using Facebook, no less). To learn more click on the picture below to read the article.