The virtual reality market is not taking off

The virtual reality market is not taking off

Facebook, which had bet $ 2 billion on Oculus four years ago, is changing its strategy. In the absence of satisfactory results, other companies have lowered their ambitions.

For Brendan Iribe, no more acting. One of the co-founders of Oculus, the subsidiary of Facebook specializing in virtual reality, announced Monday his departure from the group. Palmer Luckey, another high-profile co-founder of the company, had already left him in 2017. “We have made a lot of progress, but the journey is just beginning,” commented Brendan Iribe on his Facebook page. Virtual reality and augmented reality still need to improve and Oculus has the best team for that.”Four years after Facebook bought Oculus for $ 2 billion in the midst of virtual reality madness, the group’s intentions have changed. According to Techcrunch, Brendan Iribe’s departure was motivated by the fact that the project of the new “Rift 2” headset was canceled by Facebook. The latter is forced to adapt to market developments.

“We imagined the market two to three times bigger than it really was, that’s all “

Hilmar Veigar Pétursson, CEO of the video game studio CCP

In fact, after several years of enthusiasm, companies that have invested in virtual reality have revised their claims down,

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