Oculus co-founder Brendan Iribe leaving Facebook over Rift 2 cancellation

Doris Richards
October 22, 2018

Brendan Iribe speaks at F8, Facebook's developer conference, in 2015.

Oculus co-founder Brendan Iribe announced that he's leaving the company today, six years after helping found the company, and four years after Oculus was bought by Facebook for $2 billion. According to a report from TechCrunch, Iribe walked after Facebook cancelled work on the Oculus Rift 2, which would be the company's next PC-powered VR headset.

Multiple Facebook executives thanked Iribe for is work following the announcement, with Facebook CTO Mike Schroepfer writing that Iribe had "championed VR from its earliest days, when prototypes were still duct-taped and hot-glued", and Facebook's head of AR and VR Andrew Bosworth adding: "You built an incredible team and you defined the first generation of VR". TechCrunch sources said the Facebook exec team had "fundamentally different views on the future of Oculus that grew deeper over time", and that Iribe felt it had become a "race to the bottom".

Iribe's exit comes at a bad time for Facebook at large.

Iribe's departure from Facebook comes less than a month after Instagram co-founders Kevin Systrom and Mike Krieger made a decision to leave the company.

Now is when we get to pioneer the foundation of the next great computing platform and medium - this is our time to be pushing the state-of-the-art onward and upward. Although we're still far from delivering the magical smart glasses we all dream about, now they are almost within our reach. Techcrunch reported Monday that Facebook chose to cancel plans for a PC-powered Rift 2 headset that Iribe's group had been working on, prompting him to throw the towel.

Other reports by Iphone Fresh

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