Oculus Is Now A Division Of Facebook Technologies

 

Oculus VR LLC is no more.

The company which was started in 2012 by Palmer Luckey, Brendan Iribe, Nate Mitchell and others is now part of ‘Facebook Technologies LLC’, a subsidiary of Facebook which handles hardware efforts, including Oculus and Portal, Facebook’s new video calling displays.

The change “went into effect” in September of this year, according to Facebook. The 5th Oculus Connect VR developer conference was held Sept. 26 and 27 with no on-stage appearances by the founders of the startup, which was bought by Facebook in 2014. A few weeks later, word leaked of a restructuring

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