Facebook’s VR dream may not take off, says Oculus co-founder

San Francisco: Facebook-acquired Virtual Reality (VR) firm Oculus may not be profitable as the social networking giant is struggling to bring VR to the mainstream consumer market, says Jack McCauley, one of the co-founders of Oculus.
According to a report in CNBC late Sunday, with Facebook positioning its VR-based Oculus devices primarily as gaming machines, McCauley does not believe there is much of a market for the device.
“There are a lot of fundamental issues that remain unsolved with VR gaming,” said the Oculus Co-founder who stayed through Facebook’s $2 billion acquisition of the company in March 2014.