|Title||Founder of Oculus VR, Palmer Luckey, Departs Facebook|
|Date||Friday March 31 2017, @09:46AM|
|from the lucky? dept.|
Palmer Luckey has left Facebook:
Palmer Luckey, a founder of the virtual-reality technology company Oculus, has left Facebook three years after the social network acquired his company for close to $3 billion. Mr. Luckey's departure was announced two months after a trial in federal court over allegations that he and several colleagues had stolen trade secrets from a video-game publisher, ZeniMax Media, to create the Oculus technology. A jury found Facebook liable for $500 million in damages, in part for Mr. Luckey's violation of a confidentiality agreement.
"Palmer will be dearly missed," Tera Randall, an Oculus spokeswoman, said in a statement. "His inventive spirit helped kick-start the modern VR revolution and helped build an industry." Ms. Randall declined to disclose the terms of Mr. Luckey's departure. [...] In January, Facebook appointed a new leader, Hugo Barra, to head up the company's virtual-reality efforts, including Oculus.
Will the first Palmer Luckey documentary be compatible with the next Oculus headset?
Also at TechCrunch, CNBC, and UploadVR.
printed from SoylentNews, Founder of Oculus VR, Palmer Luckey, Departs Facebook on 2022-12-08 07:20:34