They bought Oculus to continue to diversify their product offerings. Facebook core will likely decline, but they'll still have Instagram, Whatsapp, Oculus, etc.

They bought Oculus to continue to diversify their product offerings. Facebook core will likely decline, but they'll still have Instagram, Whatsapp, Oculus, etc. When you have a one trick pony, and the market hands you tens of billions of dollars in exchange for a slice of your company, you buy other horses.