Oculus co-founder and Rift Creator Palmer Luckey leaves Facebook

Mar 31, 2017, 01:47
Oculus co-founder and Rift Creator Palmer Luckey leaves Facebook

Palmer Luckey, after years of being a prominent face at Facebook and the figurehead of Oculus, is leaving the company.

"Palmer will be dearly missed", it reads. His inventive spirit helped kickstart the modern VR revolution and build an industry. In a statement published by Business Insider, Facebook said, "We're thankful for everything [Luckey] did for Oculus and VR, and we wish him all the best".

Oculus has reorganized with former Google and Xiaomi executive Hugo Barra leading all of Facebook's virtual reality efforts including Oculus.

Facebook declined to comment on whether Luckey's departure was of his own accord, per company policy on personnel moves.

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Luckey has certainly seen better days since putting the company together, including supporting a pro-Donald Trump political group with controversy surrounding it, with a number of "shit-posting" anti-Hillary Clinton memes.

Oculus' ambitions have also become a sore spot with some on Wall Street, who have questioned whether the virtual reality technology can beat rivals to market. Oculus has confirmed the report, first spotted by UploadVR, with TechCrunch in a fairly cookie cutter statement.

In February, Facebook lost a $500 million lawsuit against game development firm ZeniMax.

In March 2014, Facebook announced it would buy his company Oculus VR for almost $2 billion, a move that spurred interest and investment in VR to the level we see today. Facebook said it would appeal the decision.

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