Facebook stocks drop after Oculus Rift acquisition announcement
The stock went under its open price of $64.25, resulting in a loss of $1.5 - $1.8 billion market cap
 "Facebook stocks drop after Oculus Rift acquisition announcement")
Facebook's stock price reportedly dropped in after-hours trading after the social networking giant announced its latest acquisition of visual reality startup Oculus Rift.
The stock went under its open price of $64.25, resulting in a loss of $1.5 - $1.8 billion market cap.
According to Tech Crunch, the company announced that it was going to purchase Oculus Rift for 2 billion dollars in cash and stock, in a bid to make the world more open and connected.
The stock price slid more when Facebook announced its mega purchase of WhatsApp earlier this year, for a whopping 19 billion dollars, the report added.