Oculus co-founder Palmer Luckey leaves Facebook

Palmer Luckey, the co-founder of Oculus has left the social media giant Facebook this week.

Luckey, the person who directly associated with the rise of Oculus as a major force in the growing world of Virtual reality hardware. In a statement, Facebook said that  “Palmer will be dearly missed. 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.”

Facebook representatives declined to clarify further details about the Luckey departure and did not specify whether he would issue any official statement on the matter.

Though Palmer Luckey was disappeared from one matter, that happened during the second half of last year that is 'after his involvement financing a group creating offensive memes about Hilary Clinton ahead of the US presidential election was revealed'. His loss in court to video game publisher ZeniMax.

The court demanded that Facebook pays $500 million as Luckey had failed to comply with a non-disclosure agreement he signed with Zenimax. Luckey himself was personally found liable for $50 million in damages.