The report claims that Facebook is working on a standalone video app that will support 360-degree spherical videos, kind of like the ones that debuted on YouTube not too long ago. This allows users to change their perspective in the video simply by panning and tilting their phones, as if they were at the video’s location.
The app is also said to play nicely with the likes of iOS and Android. Technically this wouldn’t really be virtual reality since it isn’t immersive enough, but perhaps there could be a version of the Oculus Rift that will support mobile devices, similar to the Samsung Gear VR or Google Cardboard.
Unsurprisingly Facebook declined to comment on the rumor and according to the WSJ, the app is still in its early stages of development. This means that it is unlikely that it will be launched anytime soon, so until then take it with a grain of salt.