Yep! you most certinaly read that right! because the 70-80 million from the investors plus the kickstarter wasnt enough to get oculus running.

So what does Palmer do, you ask? He sells out! To facebook of all people.

http://www.forbes.com/sites/briansolomon/2014/03/25/facebook-buys-oculus-virtual-reality-gaming-startup-for-2-billion/

So prepare yourself for ads, forced ids, and Mafia wars 3d! and Candy Crush Oculus! Yay for backstabbing and being a sellout! woohoo!

And I thought it was already doomed to fail. It's strange really, there isn't a single successful virtual reality device, however, billions of dollars are being thrown at it.

I thought you were talking about the upcoming movie by that name: http://en.wikipedia.org/wiki/Oculus_(film)

Talk about one helluva dike move on the creator's part. Not that I really cared for it, but Facebook, just... ugh.