Facebook (NASDAQ: FB) has taken an early lead in the virtual reality (VR) industry, and we're unlikely to see anyone catch the company in the next year or two when it comes to headsets. The bet for Facebook is that "owning" the hardware for VR and eventually augmented reality (AR) will give the company a leg up in the next computing platform and continue its run as a high growth stock. It's effectively trying to be like Apple (NASDAQ: AAPL) is in smartphones.
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