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Title    Founder of Oculus VR, Palmer Luckey, Departs Facebook
Date    Friday March 31 2017, @09:46AM
Author    Fnord666
from the lucky? dept.

takyon writes:

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.

Original Submission


  1. "takyon" -
  2. "Palmer Luckey" -
  3. "left Facebook" -
  4. "acquired his company" -
  5. "allegations that he and several colleagues" -
  6. "appointed a new leader" -
  7. "TechCrunch" -
  8. "CNBC" -
  9. "UploadVR" -
  10. "Original Submission" -

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