Oculus co-founder Palmer Luckey is leaving Facebook


Luckey's exit comes just two months after a high-profile court case between Facebook and Zenimax, which had sued Facebook for intellectual property theft, alleging that John Carmack, Oculus chief technology officer and a former Zenimax employee, used trade secrets owned by Zenimax to help develop the Oculus Rift.

Oculus co-founder Palmer Luckey, the mind behind the Rift's initial concept and prototypes, has left Facebook after selling his company to the social network giant three years ago. 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".

The company confirmed his departure in a statement to UploadVR Thursday, saying the 24-year-old Oculus creator "will be dearly missed".

Palmer Luckey is out at Facebook. Luckey only admitted to donating to the group.

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The virtual reality entrepreneur has been in hot water for awhile now. And when Facebook announced in December that Oculus CEO Brendan Iribe would step down from the position in a company-wide reorganization, the company did not give specifics on Luckey's role aside from confirming that he continued to work at Oculus.

Luckey made his last public appearance in January when he testified in a lawsuit against Oculus by gaming company ZeniMax, which won a $500 million judgment.

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 will appeal the decision.