Oculus' Brendan Iribe leaves Facebook, following exits of WhatsApp and Instagram leaders [Los Angeles Times (CA)]
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Source: Los Angeles Times
Oculus' Brendan Iribe leaves Facebook, following exits of WhatsApp and Instagram leaders Facebook Inc. is losing another founder of an acquired company: Brendan Iribe, who was chief executive of Oculus VR when Facebook bought it in 2014. “This will be the first real break I’ve taken in over 20 years,” Iribe wrote on his Facebook page, without giving a specific reason for his departure. “It’s time to recharge, reflect and be creative.” Iribe was most recently the vice president of computer-tethered virtual reality. His departure comes shortly after the founders of Instagram and the chief executive of WhatsApp also left the Facebook-controlled units. The purchase of Instagram, for $715 million in 2012, demonstrated that Facebook, as a parent company, could successfully keep an acquired company independent and under the leadership of its founders. That helped attract WhatsApp, which it bought for $22 billion, and Oculus, for $2 billion, both in 2014. After the founders’ exits, all of Fac
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