Technology: Oculus co-founder's exit is latest in string of Facebook departures - PressFrom - US
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TechnologyOculus co-founder's exit is latest in string of Facebook departures

22:36  13 august  2019
22:36  13 august  2019 Source:   cnet.com

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Facebook can't seem to hold onto the founders of the companies it acquires.

Oculus co-founder's exit is latest in string of Facebook departures© Provided by CBS Interactive Inc. Oculus co-founder Nate Mitchell is leaving Facebook. James Martin/CNET

The latest departure: Nate Mitchell, co-founder of the virtual reality startup Oculus that Facebook owns. Mitchell, the last Oculus co-founder at Facebook, said Tuesday he was stepping down from his job at the company after 7 years.

"Virtual reality is still on the bleeding edge of technology, and this community continues to pioneer the way forward," he wrote in a post on Reddit. "What's ahead is always unknown, and that's what makes it exciting."

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Mitchell was the head of virtual reality products at Facebook, which purchased Oculus for $3 billion in 2014. The virtual reality company has grappled with a number of woes, including a lawsuit and executive turnover, as it tries to make virtual reality more mainstream. Facebook bought Oculus because it envisions a future where users will be able to experience moments their friends and family share as if they're there in person.

Oculus co-founder's exit is latest in string of Facebook departures© CNET

Oculus co-founder Nate Mitchell is leaving Facebook.

Co-founders at other companies Facebook purchased have also left the social media giant in recent years. That list includes Instagram co-founders Kevin Systrom and Mike Krieger, WhatApp's Brian Acton and Jan Koum and Oculus co-founder Palmer Luckey. The Instagram co-founders reportedly clashed with Facebook CEO Mark Zuckerberg.

Mitchell said that he'll be taking time to travel and spending time with family. His departure also comes before Oculus Connect 6, a virtual reality developer conference that kicks off in San Jose at the end of September.

Oculus co-founder Nate Mitchell is the latest to leave Facebook.
One more Oculus co-founder is heading for the exits. Software architect Nate Mitchell has decided to leave Facebook, explaining it only as a decision to "move on." He didn't say where he might be going next, but planned to "recharge" and spend time with his family. He still vowed to be "part of this [VR] community" -- he'll just have a "much smaller role," at least for now. We've asked Facebook if it can comment. It's at least a symbolic moment for Oculus -- the company is losing one of the last ties to its old crowdfunded days.

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