Due to the reorganization that Facebook’s VR company Oculus is going through, the brand’s CEO Brendan Iribe is stepping down from his position. He is set to lead one of two new divisions that will focus on different markets for their VR product, which leaves the top spot up for grabs.
Iribe co-founded Oculus along with the maker of the VR device, Palmer Luckey. According to a blog post that the former CEO wrote, Oculus will be splitting into two divisions that will focus on PC and mobile devices separately.
“Looking ahead and thinking about where I’m most passionate, I’ve decided to lead the PC VR group—pushing the state of VR forward with Rift, research and computer vision,” the post reads. “As we’ve grown, I really missed the deep, day-to-day involvement in building a brand new product on the leading edge of technology.”
Consequently, company newcomer Jon Thomason is tasked to head the mobile division. Iribe also noted how he and Thomason will work together on finding the new CEO of the company, along with Mike Schroepfer, the CTO at Facebook.
Under Iribe’s leadership, Oculus has strived to diversify the industries, devices, and products that its patented VR device can work on. Taking his cue from Google’s successful efforts of spreading Android to simply dominate the mobile OS market, Iribe wanted to make sure that Oculus becomes just as widespread, Bloomberg reports.
This led to several partnerships struck, including the Xbox One VR compatibility that Oculus arranged with Microsoft. The Gear VR by Samsung is also a result of collaboration with Oculus, which is proving to be the most popular mobile VR platform in the market.
The post made no mention of Iribe’s initial partner Luckey, who has been a controversial figure ever since his involvement with the Trump campaign was revealed during the height of the U.S. presidential race. Luckey, and by extension Oculus, received significant backlash after news broke out. According to the company, the Oculus Rift maker has been assigned to a new task, which is yet to be revealed.


EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature
TSMC Accuses Former Executive of Leaking Trade Secrets as Taiwan Prosecutors Launch Investigation
Morgan Stanley Boosts Nvidia and Broadcom Targets as AI Demand Surges
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban
AI-Guided Drones Transform Ukraine’s Battlefield Strategy
Intel Boosts Malaysia Operations with Additional RM860 Million Investment
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO
Apple Leads Singles’ Day Smartphone Sales as iPhone 17 Demand Surges
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup
Apple Appoints Amar Subramanya as New Vice President of AI Amid Push to Accelerate Innovation
Apple Alerts EU Regulators That Apple Ads and Maps Meet DMA Gatekeeper Thresholds
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts
Amazon and Google Launch New Multicloud Networking Service to Boost High-Speed Cloud Connectivity
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 



