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The Week’s Winners and Losers: Photo Tweets and Virtual Reality

Robyn Beck/AFP/Getty Images From a new player in the fast food market cleverly attacking the leader’s mascot to a social giant bringing out its inner shutterbug, here’s a rundown of the week’s smartest moves and biggest blunders in the business world. Twitter (TWTR) — Winner There are limitations inherent with Twitter, and the 140-character cutoff is just scratching the surface. Twitter’s had its monetization challenges because it’s not as interactive…


Facebook Enters the Matrix, Buys Oculus VR for $2 Billion

Prev1 of 2Next Matthew Lloyd/Bloomberg via Getty ImagesGamers wear high-definition virtual reality headsets, manufactured by Oculus VR, at an expo in London.By Brad Stone Facebook (FB) has announced one of the most peculiar acquisitions in its 10-year history. It has agreed to buy virtual reality headset maker Oculus VR for $2 billion in cash and stock. “There are not that many companies building technologies that can be the next major…


Zuckerberg Says Obama Steps on NSA Spying Not Enough

Alex Wong/Getty ImagesFcebook CEO Mark Zuckerberg, right, arrives at the White House for a meeting Friday with President Barack Obama.By Roger Runningen and Chris Strohm Facebook (FB) Chief Executive Officer Mark Zuckerberg left a meeting with President Barack Obama unsatisfied with administration assurances that the government can protect privacy while continuing surveillance. Zuckerberg and five other Internet and technology executives were invited to the White House Friday to discuss National…