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A picture shared by Oculus cofounder Nate Mitchell of the Oculus Connect 2 conference in 2015.

Facebook just lost another Oculus cofounder

Yet another cofounder of a major Facebook acquisition is leaving the California tech giant.

Facebook is slashing the price of its VR headset as competition heats up

Facebook's VR subsidiary, Oculus, announced that it's lowering the cost of its Rift headset and touch controller by $200 in the face of competition from Sony.