Oculus Co-founder Brendan Iribe is Leaving Facebook, after Rift 2 Cancellation

Oculus Co-founder Brendan Iribe is Leaving Facebook, after Rift 2 Cancellation

Facebook had acquired many companies in the past decade and Oculus Rift was one of them. Now, following the footsteps of many others, a co-founder of Oculus, Brendan Iribe, is also leaving Facebook. He announced this decision via his Facebook post, saying that he is moving on after spending six incredible years with Oculus and the team. According to reports, internal issues at Facebook have made Brendan Iribe leave a company that he co-founded in 2012. The major event leading to this development was the cancellation of the virtual reality headset named Rift 2. Internal sources have confirmed to TechCrunch that Iribe was heading the Rift 2 development.

It should be noted that Brendan Iribe has not mentioned the particular reasons in the Facebook post. He has maintained diplomacy in the writing and said that he is really excited about the real break that he has taken in the last 20 years of his life. “The success of Oculus was only possible because of such an extraordinary team effort. I’d like to sincerely thank everyone that’s been a part of this amazing journey, especially Mark for believing in this team and the future of VR and AR,” said the official post from the former CEO of Oculus.

Insider sources, however, have another story to tell. Sources have confirmed that internal conflicts between Facebook’s policies and Brendan Iribe have impacted his decision to leave. Facebook had a different view on the future of Oculus than what Iribe had imagined when he got onto the company. It should be noted that Facebook’s decision to cancel the development of the PC-powered Rift 2 has implications on the whole view of the company. Iribe is not the first co-founder to leave Facebook-acquired startups. A few weeks back, two Instagram co-founders had notified about their departure as well.

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