• A second Oculus cofounder is leaving Facebook after reportedly clashing with management

    21 days ago - By Chron

    Facebook
    Oculus cofounder and former CEO Brendan Iribe announced on Monday that he would be leaving Facebook.
    A Facebook spokesperson did not give Business Insider an explicit reason for Iribe's departure beyond saying: "He's taking time off for the first time in 20 years."
    According to a TechCrunch report, however, Iribe had grown increasingly frustrated with the Facebook executive team, especially after last week's cancelation of the "Rift 2," which he had been leading.
    Iribe is the second Oculus founding member to leave Facebook in the last 18 months.
    The cofounder and former CEO of...
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  • Oculus co-founder Brendan Iribe joins exodus from Facebook

    21 days ago - By Chron

    SAN FRANCISCO - A co-founder of Facebook's virtual-reality division is joining the exodus of executives to leave the company after striking it rich in lucrative sales of their startups.
    Oculus co-founder Brendan Iribe disclosed his decision to leave Facebook in a tweet posted Monday. His departure comes 2 1/2 years after Facebook parted ways with Oculus' other co-founder, Palmer Luckey.
    Both Iribe and Luckey joined Facebook in 2014 after selling Oculus to the company for $2 billion. Iribe had been Oculus' CEO until 2016 when he shifted to a lower-ranking job in the virtual reality...
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  • Oculus Co-Founder and CEO Brendan Iribe Is Leaving Facebook

    21 days ago - By Fortune

    The co-founder and CEO of Facebook's Oculus virtual reality business is leaving.
    Brendan Iribe said in a Facebook post on Monday that he was stepping down from Facebook, without saying why. Although Iribe had the title of CEO-a carryover from when Oculus was an independent startup-Facebook CEO Mark Zuckerberg hired Hugo Barra, a former executive of the Chinese smartphone maker Xiaomi, to lead Oculus in 2017 as Facebook's vice president of virtual reality.
    Facebook bought the Oculus VR startup in 2014 for $2 billion and has since debuted several VR headsets like the Oculus Rift and Go...
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  • Oculus cofounder Brendan Iribe is the latest to abandon Facebook

    Oculus cofounder Brendan Iribe is the latest to abandon Facebook

    21 days ago - By Venture Beat

    It's the start of a new week, which means that it's time for another noteworthy executive departure at Facebook - this time, within its virtual and augmented reality unit. Without providing further details, Oculus cofounder Brendan Iribe announced today that he's departing the company. Iribe was with Oculus since its foundin...
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  • Oculus co-founder is leaving Facebook after cancellation of ‘Rift 2' headset

    Oculus co-founder is leaving Facebook after cancellation of ‘Rift 2' headset

    21 days ago - By Tech Crunch

    Brendan Iribe, the co-founder and former CEO of Oculus, announced today that he is leaving Facebook, TechCrunch has learned.
    Iribe is leaving Facebook following some internal shake-ups at the company's virtual reality arm last week that saw the cancellation of the company's next generation “Rift 2” PC-powered virtual reality headset which he had been leading development of, a source close to the matter tell TechCrunch. Iribe and the Facebook executive team had “fundamentally different views on the future of Oculus that grew deeper over time” and Iribe wasn't interested in a “race to the...
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