Along with the departure of Brendan Iribe from Facebook, there had been reports that the Oculus Rift 2, which Iribe was leading development on, would also be cancelled. Facebook has since spoken up and now the future of the Rift 2 isn't quite as clear.
As reported by TechCrunch, Iribe, who had been the co-founder and former CEO of Oculus, and the Facebook executive team had "fundamentally different views on the future of Oculus that grew deeper over time." It was also mentioned the Brendan wasn't "interested in a race to the bottom in terms of performance."
from IGN Video Games http://bit.ly/2OJYnZo
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