All co-founders of Facebook’s big acquisitions are gone now

A visitor tries out the Oculus Gear VR virtual reality goggles at the Facebook Innovation Hub on February 24, 2016 in Berlin, Germany.Getty ImagesFacebook just lost the last remaining co-founder from one of its biggest and most important acquisitions.Oculus co-founder Nate Mitchell announced Tuesday that he’s departing the virtual reality company after seven years. Mitchell headed up virtual reality product development at Facebook. « After seven incredible years, I’ve decided to move on from Oculus / Facebook, » Mitchell wrote in a post on Reddit. « I expect the incredible team at Facebook to continue to surprise and delight us on this mission to build the next computing platform. I can’t wait to see what comes next. »Mitchell said he’s now taking some time off « to travel, be with family and recharge. » His departure follows the exit of co-founder Palmer Luckey in 2017, who now runs defense start-up Anduril Industries. Brendan Iribe, the former CEO and a co-founder of Oculus, also exited the company in 2018.Facebook acquired Oculus for $2 billion in 2014 in a move that represented a major bet on virtual reality. Since then, Oculus has released several iterations of its headsets, most recently launching a fourth-generation standalone version for $399.Mitchell’s departure marks the latest example of a co-founder departing the company after Facebook acquired it. Last April, Jan Koum, cofounder of Facebook-owned WhatsApp, said he was leaving the company. Instagram co-founders Kevin Systrom and Mike Krieger departed the social media app last September.Representatives from Facebook were not immediately available for comment.

Source: CNBC

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