News Brief

The U.S. Federal Trade Commission said today that Facebook could proceed with its acquisition of virtual reality startup Oculus VR. The social media giant bought Oculus for $2 billion last month in a bid to make VR a mass-market technology, via its Oculus Rift headset. “We’re pleased the FTC approved the Oculus acquisition,” a Facebook spokesman told Re/code. Facebook shares are currently trading down 1.5 percent, and are 4.5 percent below their pre-acquisition price.