Kevin Systrom - Latest News Update, Information, Photos & Videos on Kevin Systrom at Lokmat Times

"Some bittersweet news to share. After 7 incredible years at Oculus / Facebook, I'm moving on. It's been a privilege to be a part of the VR community, and I can't wait to see what comes next," Mitchell said in a Reddit post late Tuesday.Mitchell was the head of VR products at Facebook which acquired Oculus for $3 billion in 2014."Virtual reality is still on the bleeding edge of technology, and this community continues to pioneer the way forward. What's ahead is always unknown, and that's what makes it exciting," he posted.The Oculus team at Facebook is facing several issues, including a lawsuit and executive exodus.Facebook has seen several high-profile executives leaving the company, including Instagram Co-founders Kevin Systrom and Mike Krieger; WhatApp's Co-Founders Brian Acton and Jan Koum and another Oculus co-founder Palmer Luckey.According to Jack McCauley, one of the co-founders of Oculus, the VR firm may not be profitable as the social networking giant is struggling to bring VR to the mainstream consumer market."There are a lot of fundamental issues that remain unsolved with VR gaming," the Oculus Co-founder was quoted as saying.Facebook announced VR headset called "Oculus Go" at a starting price of $199 in October 2017.The $199 Oculus Go has sold a little more than 2 million units, according to market research firm SuperData.The "Oculus Quest", which was made available in May this year, has sold nearly 1.1 million units while the Oculus Rift has sold 547,000 units, said the report.Facebook recently unveiled "Oculus Rift S", a new version of its PC headset Oculus Rift, for $399.( With inputs from IANS )

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Kevin systrom, Latest News

Technology :Artifact's new feature to take on Twitter by letting you follow writers

San Francisco, May 12 Artifact, the AI-powered news app from Instagram co-founders Kevin Systrom and Mike Krieger, has ... ...

Technology :Photo app sues Meta for copying its main feature for Instagram

San Francisco, Nov 6 Meta (formerly Facebook) has been sued by a photo app called Phhhoto for allegedly ... ...

Technology :Instagram, Twitter enable link previews

The nine-year-old internet feud between two of the mega social media giants has seemed to settle down. Users when they next share Instagram links on Twitter will be able to see a preview of the link that includes an image instead of just the URL text ...

Technology :Facebook's interactive COVID-19 map service to display symptoms county-by-county

Social media giant Facebook on Monday launched a new interactive map feature that will display reported county-by-county COVID-19 symptoms from users across the US. ...

Technology :Instagram founders launch COVID-19 spread tracker

Instagram founders Kevin Systrom and Mike Krieger have come together to launch Rt.Live, which is an up-to-date tracker of how fast the coronavirus is spreading each day. ...

International :Co-founder of Facebook-owned VR firm Oculus quits

In yet another setback for the social networking giant's Virtual Reality (VR) dream, Nate Mitchell, Co-founder of Facebook-acquired VR firm Oculus has stepped down. ...