After acquiring virtual headset maker Oculus Rift for $2 billion (the deal got a thumbs-up from feds), Facebook now seems to be moving into the fitness tracking space with news of its latest acquisition, Finnish startup ProtoGeo Oy that created the fitness-tracking app Moves, available free in the App Store.
The development comes amid some major reshuffling in the fitness and health tracking market.
For instance, Nike is currently in the process of shuttering its wearable-hardware division that produces FuelBand-branded accessories and there are rumors that the company is collaborating with Apple on a sensor-laden fitness band that would control other devices via gestures...