Why not? A lot of technologies exist despite no clear application initially, only taking off decades later. Lithium ion battery research started in 1960s, yet no commercial applications until at least 20 years later, and only really took off with smartphone - [0]

HN crowd often criticizes big tech for milking ads and the lack of innovation. Meta deserves credit for sinking their own money into future techs like VR.

By the way, Exxon the oil company funded early research of lithium ion battery tech by Dr. Whittingham, clearly not for short term benefits.

[0] - https://en.wikipedia.org/wiki/History_of_the_lithium-ion_bat...

Because someone needs to pour the money in to get us to "Ready Player One" level game immersion.

As soon as I've tried the VR experience myself for something I actually found useful/entertaining (VR sports), I was immediately sold on the idea. I can't wait for this tech to get better and better

why not? As good as the options have become, for many purposes they are still not quite there yet