Short description
Oculus VR is an American virtual reality technology company founded by Palmer Luckey and Brendan Iribe. Their first product, still in development, is the Oculus Rift, a head-mounted display for immersive technology virtual reality (VR). In March 2014, Facebook agreed to acquire Oculus VR for US$2 billion in cash and Facebook stock.
(source: https://en.wikipedia.org/wiki/Oculus_VR)