The concept of bug bounty is nothing new. You play around with an online service, discover security vulnerabilities and get paid for identifying them for the company instead of exploiting them. Facebook has a bug bounty program as well, and that includes some select acquisitions as well such as Instagram, Onavo, Moves and Parse. Facebook recently announced that it will now extend this program to its latest acquisition, Oculus Rift - a virtual reality product from Oculus VR.
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