31 March, 2017
Luckey also came under fire in September after it was revealed that the 24-year-old financially backed a group that promoted anti-Hillary Clinton memes and was linked to anti-Semitic and racist views. "His inventive spirit helped kickstart the modern VR revolution and helped build an industry", the Facebook statement said.
Luckey was a cofounder of Oculus, which was acquired by Facebook in 2014 for $2 billion.
Palmer Luckey, the co-founder of Oculus VR and designer of the Oculus Rift, is stepping down from his position at the company. In February, Facebook lost a lawsuit and was ordered to pay $500 million to the gaming company ZeniMax, in which Luckey was found to have violated a ZeniMax non-disclosure agreement.More news: III Apparel Group, Ltd. (GIII) Trading Down 3.3% After Earnings Miss
The virtual reality entrepreneur has been in hot water for awhile now. 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".
This is Luckey's last week at Oculus, a spokesperson confirmed to CNNTech. That spurred Facebook's purchase of Oculus for almost $3 billion in 2014. Several developers announced they would pull their support of the Oculus Rift headset after Luckey's donation became public.
Luckey's departure is the latest leadership shakeup at the company. It looks like someone-executives at Oculus, Facebook, or Luckey himself-saw fit to make the separation permanent.