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Former Oculus CEO Brendan Iribe is leaving Facebook

Brendan Iribe

Brendan Iribe, the former CEO of Facebook-acquired virtual reality company Oculus, is leaving Facebook. Iribe made the announcement on Facebook via a post he wrote,  “after six incredible years, I am moving on” from Oculus. Working alongside so many talented people at Oculus and Facebook has been the most transformative experience of my career, It’s time to recharge, reflect and be creative. I’m excited about the next chapter.” He didn’t give the reason for his departure.

This departure comes a month after Co-Founders of Instagram, social network company acquired by Facebook. Kevin Systrom and Mike Krieger left the company because they were frustrated by over-management from Facebook. It’s been a year and a half since Luckey founder of Oculus was apparently pushed out of Oculus sometime after being a part of a political controversy.

Facebooks isn’t financially dependent on Oculus the way it does on Instagram, as Iribe pointed out in his departure post, VR is still an experimental field, And Iribe’s time at Oculus has been smooth, although he was named in an intellectual property lawsuit by gaming company ZeniMax, which won a judgment against Oculus in 2017. There’s no clear reason for his departure.

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