Leapfrog - $FB $GOOG #in

When Google acquired Android and word got out that it was building a mobile operating system and possibly a phone, the general consensus was that the company had gone looney. Another silly project from a giant company with fat margins and tons of cash that was akin to building space ships and flying (self driving?) cars. Turns out it was a good move considering the whole world moved to mobile and mobile devices outnumber desktop by an order of magnitude.

Microsoft and other tech giants followed suit launching their own phones, mobile operating systems, etc. But Facebook didn’t, despite persistent rumors they would. Separately, the company spent $2B to buy Oculus, which makes a virtual reality mask that you attach to your face. Looney? Maybe. But perhaps Facebook is looking past mobile to a world of that moves to wearables and “things” with Internet that outnumber mobile phones by orders magnitude.