• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

2

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

3

Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics

1

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

2

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

3

Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
Tech

Facebook’s Oculus Virtual Reality Unit Needs A New Leader

By
Jonathan Vanian
Jonathan Vanian
Down Arrow Button Icon
By
Jonathan Vanian
Jonathan Vanian
Down Arrow Button Icon
December 13, 2016, 3:34 PM ET
US-IT-LIFESTYLE-GAMES-FACEBOOK-OCULUS
Oculus chief executive Brendan Iribe is silhouetted while showing off a new Touch controller for Rift virtual reality head gear at an Oculus developers conference in San Jose, California on October 6, 2016. Facebook unveiled new hardware for its Oculus division as part of a stepped-up effort to integrate virtual reality with the leading social network. The new offerings aim to get an array of virtual reality gear to consumers in the coming months, including a new "Touch" controller and compatible computer to help spur Facebook's push. / AFP / Glenn CHAPMAN (Photo credit should read GLENN CHAPMAN/AFP/Getty Images)Glenn Chapman — AFP/Getty Images

Facebook’s Oculus virtual reality business is looking for a new leader.

Brendan Iribe, a co-founder of Oculus, said Tuesday that he is stepping down as Oculus’s CEO and will instead lead the unit’s new personal computer division. Additionally, Iribe wrote that Jon Thomason, who recently joined Oculus from Amazon (AMZN) where he was vice president of mobile shopping, would lead Oculus’s new mobile unit.

Facebook (FB) bought Oculus in 2014 for roughly $2 billion in a surprise move. Besides selling VR headsets like the Oculus Rift, Facebook CEO Mark Zuckerberg has said he believes virtual reality could be a new way for people to socialize and interact with each other, and he envisions the social network to incorporate the technology in the future. Oculus operates as a standalone business housed inside the social network.

Get Data Sheet, Fortune’s technology newsletter.

The decision to split Oculus into two units—one focused on PCs and one on mobile—is noteworthy because currently, Oculus’s only VR headset, the Oculus Rift, requires a powerful PC to operate. Although Oculus has a partnership with Samsung to provide Oculus-related software to run the mobile phone-powered Samsung Gear VR headset, Facebook has made the Oculus Rift the centerpiece of the social network’s foray into virtual reality.

Technology analysts are generally divided as to whether consumers will be attracted to more mobile phone-oriented VR headsets like the Gear VR or Google’s Daydream View headset, or PC-powered VR headsets like the Rift or HTC Vive.

While mobile-phone-tethered headsets cost under $100 compared to headsets that require PCs that cost up to $800, they are not as powerful and generate lower-quality graphics, resulting in less compelling visuals and experiences.

A new Oculus division dedicated to mobile could indicate that Facebook sees a big business in selling a cheaper variant of its current Oculus Rift that does not need an expensive PC to run. In October, Facebook showed off a prototype of a new VR headset that does not require a PC to operate.

For more about virtual reality, watch:

Oculus, like HTC and other companies involved with VR, does not disclose sales of its headsets. Recent data from analyst firm SuperData estimated that the Oculus would sell roughly 355,000 Rift headsets in 2016. That is far less than previous estimates. In 2015, various analysts like Travis Jakel at Piper Jaffray forecasted that Oculus would sell over 3 million Rift headsets, which shows that consumers have yet to catch on with the devices.

Facebook’s announcement on Tuesday made no mention of Palmer Lucky, Oculus’ other co-founder. In September, Lucky caused a bit of controversy for donating $10,000 to a pro Donald Trump non profit during the 2016 presidential election season; some Oculus Rift third-party developers were upset by Lucky’s actions and publicly voiced their complaints.

As for Iribe, he said that change would give him a chance to be more hands on with headset development.

“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,” wrote Iribe. “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.”

About the Author
By Jonathan Vanian
LinkedIn iconTwitter icon

Jonathan Vanian is a former Fortune reporter. He covered business technology, cybersecurity, artificial intelligence, data privacy, and other topics.

See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

allbirds
AILayoffs
Allbirds’ 600% stock surge says a lot about how ‘AI washing’ became the new ‘greenwashing’
By Suvrat Dhanorkar and The ConversationMay 21, 2026
2 hours ago
musk
InvestingIPOs
‘We do not want humans to have the same fate as dinosaurs’: SpaceX IPO reads like Hollywood fantasy version of the future
By Bernard Condon and The Associated PressMay 21, 2026
2 hours ago
murdoch
Big TechMedia
James Murdoch vows ‘ambitious journalism and agenda-setting conversations’ as he takes over New York, Vox brands
By Jocelyn Noveck and The Associated PressMay 21, 2026
2 hours ago
Traders work after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, March 18, 2026.
InvestingMarkets
Wall Street thinks there’s a chance the S&P 500 could push 20% higher by 2027
By Eleanor PringleMay 21, 2026
3 hours ago
Elon Musk sits with his fists together, looking up.
NewslettersTerm Sheet
SpaceX’s IPO filing is full of surprises
By Allie GarfinkleMay 21, 2026
4 hours ago
SpaceX CEO Elon Musk unveiling the company's new manned spacecraft in Hawthorne, Calif. on May 29, 2014. (Photo: Kevork Djansezian/Getty Images)
NewslettersFortune Tech
Rollout complete: SpaceX files IPO prospectus
By Andrew NuscaMay 21, 2026
5 hours ago

Most Popular

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
2 days ago
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
Success
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
By Preston ForeMay 20, 2026
24 hours ago
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
Future of Work
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
By Mike Householder and The Associated PressMay 17, 2026
4 days ago
Dr. Bernice King on why companies that walked back DEI were never truly committed: 'If you retreat that quick…that reveals who you really are'
Workplace Culture
Dr. Bernice King on why companies that walked back DEI were never truly committed: 'If you retreat that quick…that reveals who you really are'
By Preston ForeMay 19, 2026
2 days ago
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
Workplace Culture
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
By Sydney LakeMay 20, 2026
19 hours ago
Current price of oil as of May 20, 2026
Personal Finance
Current price of oil as of May 20, 2026
By Joseph HostetlerMay 20, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.