https://techcrunch.com/2018/10/22/oculus-co-founder-is-leaving-facebook-after-cancellation-of-rift-2-headset/

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. Iribe and the Facebook executive team had “fundamentally different views on the future of Oculus that grew deeper over time” and Iribe wasn’t interested in a “race to the bottom” in terms of performance, we are told.