Goldman Sachs Delivers Reality Check to Facebook Inc Bears The One Reason to be Bullish on FB Stock
When it comes to virtual reality (VR), Wall Street wasn’t buying what Facebook Inc (NASDAQ:FB) was selling. FB stock surged along with its bottom line, but the Street took a dim view of VR. But Goldman Sachs is upending that conventional wisdom.
The investment firm thinks virtual and augmented reality could become an $80.0-billion market by 2025. That would be roughly equivalent to the current size of the desktop computer market.
Investors had scoffed at how much Facebook paid to acquire Oculus VR and its “Oculus Rift” VR headgear. But the $2.0-billion investment gave Facebook an early mover advantage in this now rapidly growing industry.
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