September 2019

Facebook to Buy Tech Startup That Makes Mind-Reading Wristbands

Facebook Inc. will acquire the tech startup, CTRL-Labs. Though Facebook has yet to comment on the price of the deal, it has been reported to be in the realm of $1 billion. The startup developed a wristband that translates neuron activity to a computer. Facebook rep, to 'Bloomberg' Facebook's VP of Augmented Reality/Virtual Reality Andrew Bosworth shared how the company plans to integrate the startup's technology. Facebook VP of Augmented Reality/Virtual Reality Andrew Bosworth, via Facebook Facebook VP of Augmented Reality/Virtual Reality Andrew Bosworth, via Facebook Facebook VP of Augmented Reality/Virtual Reality Andrew Bosworth, via Facebook Others who've invested in CTRL-Labs include Amazon's Alexa Fund, Google's GV and Spark Capital.