This is the key bit in my opinion:

Facebook got concerned that Apple and Google control mobile platforms, and they wanted to have a platform that they controlled entirely.

☆ Yσɠƚԋσʂ ☆
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I think AR has more promising applications as well. If the tech can be compressed to format of small goggles that you can wear all day long, then there are plenty of applications. I’d love to have a HUD on my glasses right now.

VR applications are still less clear to me. There is also a question of haptic feedback. Many of the problems with VR stem from the fact that there’s a disconnect between what you’re seeing and what your other senses are experiencing. This leads to stuff like motion sickness and headaches.

And we’ll see what Fb does, seems like they bet the farm on VR, and they simply might not have the funds for another grand venture at this point.

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