Facebook Execs Say It’s Still Early Days For Virtual Reality

As Facebook readies to ship its Oculus virtual reality headsets, the company’s chief operating officer, Sheryl Sandberg, cautioned investors that it’s still early days for the technology’s adoption.

She explained at the Goldman Sachs Technology and Internet Conference in San Francisco on Tuesday that turning virtual reality into a business is part of the social networking giant’s 10 year plan rather than an immediate action item. Facebook has been credited for taking an early bet on virtual reality by buying startup Oculus VR for $2 billion in early 2014.

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