Facebook is losing its last Oculus co-founder

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Facebook spent billions on Oculus in 2014, and in the years since the organization has been absorbed deeper into Facebook while the startup’s co-founders have stepped back in prominence. Today, the final Oculus co-founder remaining at Facebook, Nate Mitchell, announced he was leaving the company in an internal memo sent to employees.

The news was first reported by Alex Heath at The Information. Mitchell confirmed the news soon after on Twitter.

We’ve reached out to Facebook for comment.

In a note on Reddit, Mitchell said he was leaving the company and would be “taking time to travel, be with family, and recharge.”

Mitchell was Oculus’s head of product management for virtual reality.

Mitchell’s role has shifted several times in the past few years at the company as the VR organization underwent a number of leadership shakeups. Late last year, the company’s former CEO Brendan Iribe left the company following disagreements with the team on the future of Oculus’s high-end products. The company’s central co-founder Palmer Luckey had a much more high-profile departure from the company in 2017, following an odd, convoluted scandal that involved him paying for a billboard for an anti-Clinton political group aligned with Reddit’s r/The_Donald community.

Written by Lucas Matney
This news first appeared on https://techcrunch.com/2019/08/13/facebook-is-losing-its-last-oculus-co-founder/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29 under the title “Facebook is losing its last Oculus co-founder”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.