Facebook, at its core, is a social networking company, so it's perhaps not too much of a surprise it has a major social project in the works for Oculus. At Oculus Connect 6, Mark Zuckerberg announced Facebook Horizon, described as a "social VR world coming to Oculus Quest and the Rift Platform." However, as it focuses on that new VR experience, the company will shut down Facebook Spaces and Oculus Rooms October 25.