Oculus co-founder to leave Facebook

Reuters

Published Oct 22, 2018 03:41PM ET

Oculus co-founder to leave Facebook

(Reuters) - VR headset maker Oculus co-founder Brendan Trexler Iribe is leaving Facebook Inc (NASDAQ:FB), according to his post on the social media network on Monday.

Oculus, which makes Oculus Rift and Gear VR headsets, was acquired by Facebook in 2014 for $3 billion.

In 2016, Facebook reassigned Iribe, who had been Oculus' chief executive, to head development of virtual reality tools for PCs.

Iribe's departure follows the exits of Instagram co-founders Kevin Systrom and Mike Krieger last month.