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TheStreet Open House

Facebook Critics Just Don't Get It

Stocks in this article: FB

The key words in that statement were "a set of products." And while commenting on the Oculus deal, an excited Zuckerberg offered this vision of virtual reality:

"Imagine enjoying a court side seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor face-to-face -- just by putting on goggles in your home."

Zuckerberg believes Oculus has the potential to become the next communication platform, one that can allow people to share unlimited spaces and experiences. Critics hate what they don't understand. But Zuckerberg sees the future. And the future will be more than just mobile.

Zuckerberg is smart enough to not get complacent. Although some observers have complained that Facebook is somehow "losing its cool factor" among teenagers, they conveniently ignore that losing this demographic in apps may not matter, because Oculus may be the product to get them back.

I've said this before: It's time we move past this bashing of Facebook.

A Huffington Post contributor recently called the company "The world's biggest waste of time." The article claims that Facebook  is "just an advanced version of the electronic bulletin board." This was before Zuckerberg picked off Oculus.

A Forbes contributor offered 7 reason to dump Facebook.

A Seeking Alpha contributor has argued that Zuckerberg is being too frivolous with its money. The article didn't mention the $1 billion Zuckerberg gave to charity last December.
It seems that no matter how much progress the social media company has made since its initial public offering in 2012, it will never escape this kind of criticism.

With revenue growing in the recent quarter by more than 60%, Zuckerburg does not want to let his foot off the pedal. Critics should fear being run over.

At the time of publication, the author held no position in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

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