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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Facebook, Oculus, and the $60 Billion VR Market

Naomi Gray
Updated
Facebook, Oculus, and the $60 Billion VR Market

Facebook (FB) has ventured into businesses such as mobile payments and selling hardware products to diversify its revenue sources. In the first quarter, Facebook relied on advertising for more than 98.0% of its total revenues. In late June, Facebook succeeded in persuading a US district court not to block the sale of its Oculus products.

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