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Facebook to fund VR apps and entertainment with $250m


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Yesterday saw virtual-reality developers gather for Facebook’s Oculus Connect conference in San Jose, with CEO Mark Zuckerberg making a keynote appearance. Among the announcements: Facebook has spent $250m funding new VR content and apps, and is now planning to throw $250m more at the sector – including $50m for mobile VR content. ‘Entertainment’ is one...

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