Facebook, the world’s largest social network, acquired two-year-old Oculus in July last year for $2 billion, making a bet that the untested technology will emerge as a new social and communications platform. Although the device is scheduled to launch in the first quarter of 2016, Facebook is reportedly preparing for the second and third generation versions as well.

Recently, Facebook CTO Mike Schroepfer had a Q&A with Geekwire where he shared his insights on how the virtual reality space might take longer to develop than previously expected. She also shared information on emerging technologies along with the future on wearables as well.
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