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Oculus co-founder is leaving Facebook after cancellation of 'Rift 2' headset
2018-10-22T17:46:43Z - Lucas Matney / TechCrunch
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. In May, Oculus released the $199 Oculus Go headset and plans to release the $399 Oculus Quest headset sometime next spring. Iribe’s fellow co-founder Palmer Luckey left Facebook in early 2017, a decision he recently recounted was not a choice that he made. Iribe came onto Facebook after the $2 billion acquisition of Oculus VR in 2014 where he had been the company’s founding CEO.

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