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Facebook Rocked by Oculus Departure

Paul Rubens - October 23, 2018 - 11:41 AM
Facebook Rocked by Oculus Departure
Brendan Iribe is just the latest of a string of executives to depart after Facebook acquired their companies.

(CCM) — Yet another high profile Facebook executive has decided to abandon the company, this time in the form of Oculus co-founder Brendan Iribe, the Financial Times is reporting.


Facebook acquired virtual reality system developer Oculus for $3 billion in 2012, keeping on Iribe to help guide the company under its new ownership.

Iribe's move follows a pattern of company founders leaving Facebook after it acquires their companies. It comes hot on the heels of the departure of the two co-founders of Instagram, who resigned last month after clashing with Facebook over the future direction of the photo sharing service, according to the report.

Jan Koum and Brian Acton, the two co-founders of WhatsApp, also left Facebook earlier this year, less than four years after the messaging service was acquired by Facebook.

Iribe declined to state exactly why he had decided to leave the company, saying on his Facebook page: "So much has happened since the day we founded Oculus in July 2012. I never could have imagined how much we would accomplish and how far we would come. Now, after six incredible years, I am moving on."

Image: © Tinxi - Shutterstock.com
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