Oculus Co-Founder Quits as VR Firm Promises a New Rift Headset

(Image credit: Brendan Iribe/Facebook)

Oculus co-founder Brendan Iribe is leaving Facebook. He said in a Facebook post this week that "it's time to recharge, reflect and be creative," adding that this is the first real break he's taken in the last 20 years. According to TechCrunch, however, the departure seems to have been caused by the cancellation of the Oculus Rift 2 headset and many of the same problems that led WhatsApp and Instagram's co-founders to leave as well.

TechCrunch reported that Iribe and Facebook execs had "fundamentally different views on the future of Oculus that grew deeper over time" and that Iribe "wasn’t interested in a 'race to the bottom' in terms of performance" for the next Rift headset. The outlet initially said that Rift 2 was cancelled too, but a Facebook spokesperson has been making the rounds saying that more Oculus hardware will be released in the future.

These claims arrive courtesy of a single anonymous source, so they shouldn't be taken as gospel. Yet, they match what other high-level executives who have left Facebook have said. WhatsApp's co-founders reportedly worried about their autonomy in Facebook and their ability to protect user privacy; Instagram's co-founders reportedly left because their independence was also being threatened at the social media giant.

Those aren't inconsequential claims. Facebook spent $1 billion on Instagram in 2012, $19 billion on WhatsApp in 2014 and $2 billion on Oculus that same year (these are the initial figures, and the actual amount spent on each company is much higher due to employee retention packages, among other expenses). Now many of the people involved with those acquisitions have raised serious questions about Facebook's management.

Internal problems could have far greater consequences for Oculus than for Instagram and WhatsApp. The latter companies are well-established communications platforms with more than a billion users each; they're unlikely to lose steam right after their founders depart. Oculus, however, was Facebook's bet that VR was going to be the future of computing and communication. That future has yet to arrive, but it's still early.

Yet, it's not clear how interested Facebook remains in PC VR. Its most recent announcements have been for standalone headsets--the Oculus Go and the Oculus Quest--and it took a year for it to release the Rift Core 2.0 update to all Rift owners. Combine all that with Iribe's departure, and it's hard not to think PC VR is becoming an afterthought for Oculus.

For what it's worth, here's the statement Facebook gave TechCrunch: "While we can’t comment on our product roadmap specifics, we do have future plans and can confirm that we are planning for a future version of Rift." A spokesperson also told GameDaily that "PC VR is still a category we are investing in" and "we’re continuing work across product and content and you’ll see this manifest next year."

We'll have to see how that all plays out. In the meantime, Rift owners got some bad news this week. They will no longer be able to rent or purchase movies on the platform. Oculus is reimbursing those who already have.

Nathaniel Mott
Freelance News & Features Writer

Nathaniel Mott is a freelance news and features writer for Tom's Hardware US, covering breaking news, security, and the silliest aspects of the tech industry.

  • stdragon
    When is John Carmack no longer on the FB leash. If I recall, he went to FB after Oculus was acquired. He could have joined after the acquisition; I don't recall.

    Either way, FB is dragging him down I'm sure.
  • ikaz
    I think the writing was on the wall once they got acquired, I mean FB goal is to get as many people using there platform as possible. Currently and for probably the next 10 years plus "good" VR will require GPU/CPU power that the common FB users may not have access to or want to spend the money on. So why would FB bother to invest in top of line Rift headset if less than 1% (just making up numbers here) of their uses could even afford to purchase the required system to run it. It would make more business sense to try to make a mass market device that easy to run and use for the "common" FB user.
  • Co BIY
    The cynic might think that a headset tied down to a PC isn't able to access nearly as marketable private user data as a mobile one.
  • racksmith101
    The writing was on the wall the moment Facebook bought out occulus. They are only interested in ad revenue and making money selling your info. So they aren't interested in PC gamers they just want a cheap vr system they can tie into Facebook and its revenue potential.
  • computerguy72
    Facebook/Oculus didn't actually deny the report or anything in it. That denial was *very carefully crafted to say new hardware would come out but specifically didn't refute that the CV2 and higher end HMD's from Oculus would be released. Basically their statement opens the door for literally any minor change to count as "new" hardware. They have specifically denied that anything shown in the recent prototypes would actually appear in any device. IMHO I think they are trying to walk away from PC VR.
  • araczynski
    Can't say I'm surprised, this is why I haven't recommended the Oculus to anyone interested in VR since FB took it over. It's been kind of a "duh" since day 1.
  • extremepenguin
    People who are interested in high end VR are going to steer more towards the Odyssey+ or the Vive Pro at this point, they have mass developer support and don't have to worry about the stigma surrounding FB. Any successor to the Oculus should try to focus on the $200 point and cater to their mass numbers of casual FB gamers. They need either a stand alone unit or something that pairs with a phone that is is cheap enough for mass adoption with a crap load of basic games that are targeted to their mass amounts of casual game players.