The Oculus Go is designed to be a bridge between smartphone-based VR headsets and the more expensive PC-based VR products like the Oculus Rift.

In a surprise announcement, Oculus, owned by Facebook, said it would “wind down” Story Studio, its award-winning VR film unit.

Facebook announced the launch of its Camera Effects Platform, which it claims will turn any smartphone camera into an AR platform for developers.

The beta version of Facebook Spaces has launched for the Oculus Rift headset, with animated avatars of real people meeting and chatting in a VR world.

Palmer Luckey, the creator of the Oculus Rift VR headset and the co-founder of Oculus, will leave its parent company Facebook on Friday, March 31.

Oculus has announced some new features and improvements, including a way to live stream Samsung Gear VR gameplay to Facebook.

The newly launched Facebook 360 app offers full 360 degree videos and images posted on the social network for owners of the Samsung Gear VR headset.

Facebook CEO Mark Zuckerberg used his own page to show off some of what his Oculus VR team is working on, including some glove controller prototypes.

ZeniMax has doubled the amount of money it is seeking from Oculus and Facebook to pay for accusations of software theft in development of the Oculus Rift ...

Mark Zuckerberg announced the news in a Facebook post, three days after Barra revealed his split with Xiaomi.