Virtual reality: advertising’s next horizon, and how Facebook aims to dominate it

Facebook's attempts to generate advertising revenue from its Oculus VR headsets have met with a fierce backlash from users. But virtual ads are inevitable, say Chris Carter. And Facebook looks set to dominate.

Woman using a VR headset
Advertising is coming to a headset near you
(Image credit: © Chesnot/Getty Images)

Billboards by the side of the road, adverts on the bus, on the Tube, at the bus stop, at the airport, on the radio, on the television, in your favourite financial magazine – we’re so used to seeing ads that we barely even notice them. I wonder how many adverts we pass every day and how many we remember seeing or hearing.

Either way, I suspect advertisers aren’t too worried – so long as that little seed is planted in the back of your mind that makes you sit up at some point and say, “You know what, I could really do with an ice-cold Heineken”.

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Chris Carter
Wealth Editor, MoneyWeek

Chris Carter spent three glorious years reading English literature on the beautiful Welsh coast at Aberystwyth University. Graduating in 2005, he left for the University of York to specialise in Renaissance literature for his MA, before returning to his native Twickenham, in southwest London. He joined a Richmond-based recruitment company, where he worked with several clients, including the Queen’s bank, Coutts, as well as the super luxury, Dorchester-owned Coworth Park country house hotel, near Ascot in Berkshire.

Then, in 2011, Chris joined MoneyWeek. Initially working as part of the website production team, Chris soon rose to the lofty heights of wealth editor, overseeing MoneyWeek’s Spending It lifestyle section. Chris travels the globe in pursuit of his work, soaking up the local culture and sampling the very finest in cuisine, hotels and resorts for the magazine’s discerning readership. He also enjoys writing his fortnightly page on collectables, delving into the fascinating world of auctions and art, classic cars, coins, watches, wine and whisky investing.

You can follow Chris on Instagram.