Recode reports: “The main takeaway from Facebook’s F8 developer conference last week was that the social media giant is making big bets on augmented and virtual reality. Worldwide revenues for the augmented reality and virtual reality market are projected to approach $14 billion in 2017, according to IDC, the market research firm. But that’s forecast to explode to $143 billion by 2020. Facebook is setting itself up to be a key player. Venture capital firm Rothenberg Ventures has made 32 investments in the industry.”

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