Cofounder leaves Facebook's Oculus

Oculus co-founder Brendan Iribe is leaving the virtual reality company four years after Facebook acquired it, Iribe wrote in a post on Facebook. He plans to take time off.

Why it matters: Iribe is the latest founder of a Facebook acquisition to leave the company in the last year or so, following both of WhatsApp's founders and both of Instagram's. Another Oculus co-founder, Palmer Luckey, left the company last year after controversy surrounding his donation to an anti-Hillary Clinton group.