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Facebook (FB) Update - Oculus V.R.

Facebook purchased virtual reality company Oculus for $2 billion last year, and it seems they are about to begin monetizing that purchase.  Facebook and smart-phone giant Samsung will launch a $99 virtual reality headset in November called the Gear VR.  Facebook has struck deals with a variety of video game companies to create content, and the possibilities to grow and evolve the virtual reality headset business are vast.  We view this as an incremental positive for Facebook, and we continue to hold the stock and believe in the business going forward.  You can view our complete Facebook thesis here.

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