Facebook's Spending Spree on Oculus VR, WhatsApp Finds Reality Bites

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Facebook's Spending Spree on Oculus VR, WhatsApp Finds Reality Bites

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Facebook's Spending Spree on Oculus VR, WhatsApp Finds Reality Bites

by TheStreet.com Videos 3:14 mins

Facebook's Spending Spree on Oculus VR, WhatsApp Finds Reality Bites

by TheStreet.com Videos 3:14 mins

Facebook's recent acquisition of Oculus VR is being met with skepticism from shareholders. David Nelson, Chief Strategist at Belpointe Asset Management points out that between the WhatsApp deal and the Oculus deal, Facebook has diluted stock value by 12%. CEO Mark Zuckerberg may have is sights on the platforms of the future, but will today's shareholders be willing to take the chance he's right? Also, the deal is so stock heavy, Nelson believes Facebook knows the stock is overvalued.

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