In 2018, Oculus' Jason Rubin sent a paper to Facebook execs laying the foundation for Meta's ambitions and detailing the need to own the VR market (Salvador Rodriguez/CNBC)

Salvador Rodriguez / CNBC:

In 2018, Oculus’ Jason Rubin sent a paper to Facebook execs laying the foundation for Meta’s ambitions and detailing the need to own the VR market  —  – In 2018, an Oculus executive named Jason Rubin wrote a 50-page document headlined “The Metaverse” that he sent to a Facebook board member and some top execs.