Facebook (FB) continued its massive spending spree a few weeks back, purchasing Oculus VR, a technology company that specializes in virtual reality, for $2 Billion. This acquisition occurred a mere few months after Facebook purchased messaging service WhatsApp, for $19 Billion.
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Raise The Bar, Raise The Flag
It's a curious thing... the impact of economics on societal progress. For instance, understanding macro models allows the masses to understand economic growth, and how to facilitate or stymie it. Likewise, microeconomics provides the populace with insight into how people make seemingly rational choices at the individual level.
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