clock menu more-arrow no yes

Filed under:

Oculus founder Palmer Luckey leaves Facebook

New, 13 comments

The end of the story for Luckey and Facebook

Palmer Luckey at Dell Consumer Press Dinner With Adrian Grenier Bryan Steffy/Getty Images

Oculus founder Palmer Luckey has departed Facebook, according to a statement from the company.

“Palmer will be dearly missed,” Facebook said in a statement to Polygon. “Palmer’s legacy extends far beyond Oculus. His inventive spirit helped kickstart the modern VR revolution and helped build an industry. We’re thankful for everything he did for Oculus and VR, and we wish him all the best.”

The news was first reported by UploadVR. Luckey’s departure comes roughly a year after the commercial launch of the consumer version of the Oculus Rift virtual reality headset.

The 24-year-old helped to invent the first version of the Oculus Rift, and his company got a boost from Facebook’s 2014 acquisition, which valued Oculus VR at $2 billion. The company has recently suffered expensive losses in court, as a judge ordered a $500 million settlement be paid to ZeniMax over the breach of a non-disclosure agreement. Luckey himself was ordered to pay $50 million.

Luckey found himself mired in controversy even before the court case, when it was discovered he funded anti-Hillary Clinton memes and belonged to a pro-Trump group.