https://www.pcgamer.com/oculus-says-new-rift-hardware-still-in-development-as-co-founder-leaves-facebook/

Oculus co-founder and former CEO Brendan Iribe announced on Monday that he's leaving Facebook for his "first real break" in 20 years. The past six years have been spent building up Oculus. In late 2016, about two years after the Facebook acquisition, Iribe stepped down as CEO to lead Oculus's PC VR team. A story today on TechCrunch claims that Iribe's departure today came after "some internal shake-ups in 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."

If true, that would be huge news for the future of PC-focused VR, and reinforce the notion that Facebook sees the future of VR in less powerful (but much more affordable) all-in-one devices like the Oculus Quest. Over email, an Oculus spokesperson didn't directly address the existence of a "Rift 2" headset and whether its development had been canceled last week, but did say "we are planning a future version of Rift" and pointed to Mark Zuckerberg's recent Oculus 5 keynote.