Team,
As you may have heard this morning, Oculus has agreed to join Facebook.
Facebook shares our vision for connecting a billion people through virtual reality with the power of shared presence.
Oculus will continue to operate independently. Were staying Oculus, were still building the Oculus Rift, our email addresses are remain @oculusvr.com, and most importantly, our hoodies will still say Oculus.
By partnering with Facebook, well be able to build a better product with zero compromises and a focus on growth. Well also be investing more heavily in made-for-VR content and exploring other opportunities to accelerate our vision.
In broad strokes, here are a few key points to consider for the long-term strategy:
1. Were able to tap into Facebooks experience and backend systems for our platform services. As an added bonus, Oculus now has a rock solid, global payments solution.
2. Well be able to leverage Facebooks recruiting infrastructure, including hiring engineers from within Facebook, to supercharge our recruiting.
3. We can afford to always make the decision that is right for virtual reality and our customers in the long term  we dont have to make short term compromises.
4. Were going to invest in additional partnerships to build the best product and platform.
Ill meet with everyone individually over the next few days to discuss what this means in terms of integration. In the meantime, know that things couldnt be better.
No team, ever, has had a better shot at delivering on the dream of virtual reality. This will be the team that solves the hardest problems and delivers the final platform. We need you now, more than ever, to go out and find the very best engineers in the world to help us deliver the final platform, the Holodeck.
This is a truly special moment. The work weve done has captured the worlds attention and changed the perception of the medium forever. This partnership is a huge affirmation of everything weve done. Congratulations, guys.
Now, lets get back to changing the world.
 Brendan
http://www.oculusvr.com/blog/letter-to-the-team-from-brendan-iribe/