Facebook bought Instagram, WhatsApp, Oculus and even Snapchat - if you can't compete with them, just buy them. Facebook acquired dozens of companies and startups (its hundredth acquisition was in 2022) Of all Facebook's big purchases, Oculus is perhaps the most interesting because it is not a software product - but a hardware, and not just just a virtual reality helmet.
Oculus was founded by Palmer Luckey, a designer and researcher at the University of Southern California, and known to have the largest collection of head-mounted displays.