The company’s virtual reality wing will spend another $250m to develop new content, as CEO says the future of VR will be social

Facebook is to invest another $250m in developing content for virtual reality (VR) applications, founder Mark Zuckerberg announced at its Oculus Connect 3 developer conference in San Jose on Thursday.

Facebook has already invested $250m in developing VR content, and said his goal was to quickly bring about his vision of the future connecting people all over the world through virtual experiences.

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Read more at Facebook invests 0m more in VR as Zuckerberg shows off wireless Oculus

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