https://phys.org/news/2018-10-oculus-co-founder-brendan-iribe-exodus.html

Both Iribe and Luckey joined Facebook in 2014 after selling Oculus to the company for $2 billion. Iribe had been Oculus' CEO until 2016 when he shifted to a lower-ranking job in the virtual reality division.

Facebook issued a statement Monday hailing Iribe for pushing virtual reality "far beyond the boundaries of what people thought possible and it's because of his vision that we're all here working on VR today. We're thankful for his leadership, his dedication to building the impossible, and he'll be missed."