Facebook's Move Isn't as Crazy as it Seems

Facebook (FB) was slammed Wednesday on news that it would spend $2 billion to purchase virtual reality startup Oculus. The company immediately lost $6 billion in market capitalization -- or, as Doug Kass pointed out, the equivalent of three Oculi.

Still, I like this deal, and I like Facebook for the long haul. Facebook is using mostly stock for the Oculus purchase, with only $400 million of the total to be paid in cash, so it's a relatively low-risk transaction. I also liked last month's WhatsApp deal, and the market seemed to concur, as Facebook marched to an all-time high soon afterward....396 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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