Oculus Co-Founder’s Departure Could Mean Bad Things for Facebook VR | Gizmodo

Facebook senior exec exit of the week

"Facebook made a splashy entrance into VR when it purchased fledgling startup Oculus back in 2014 for $2.3 billion. However, even after putting out the first consumer-ready Oculus Rift in 2016, which was followed up by this year’s Oculus Go and the upcoming Oculus Quest, today’s departure of Oculus co-founder and former CEO Brendan Iribe casts doubts on the future of Facebook’s VR efforts.
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Where things start to get spicy is that, according to TechCrunch, one of Iribe’s main projects was overseeing work on a second-gen Oculus Rift, an effort that reportedly was canceled last week after some “internal shake-ups.” Sources who spoke to TechCrunch claim that Iribe and the Facebook team had “fundamentally different views on the future of Oculus that grew deeper over time,” with Iribe apparently not wanting to participate in a VR “race to the bottom.”"

Oculus Co-Founder’s Departure Could Mean Bad Things for Facebook VR | Gizmodo