Facebook has now permanently slashed the price to $399. In March, Facebook had first slashed the price of the headset to $499 from $599 originally.
It carries a price tag of $199, much lower than Oculus Rift, which, at the time of its launch, carried a price tag of $599.
It is to be noted that apart from Rift and GO, Facebook also has another headset named GEAR VR (priced at $129) that can be paired with all Samsung smartphones and works just like Oculus GO.
However, he asked the investor community to be patient as the investments in VR will take some time to generate profits.
Spaces will enable users to connect with family and friends in an interactive virtual environment.