Instant Alert: The controversial cofounder of Facebook's $2 billion bet on virtual reality is leaving the company

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   The controversial cofounder of Facebook's $2 billion bet on virtual reality is leaving the company by Alex Heath on Mar 30, 2017, 4:15 PM Advertisement Oculus cofounder Palmer Luckey is leaving Facebook, which acquired his virtual reality startup for $2 billion in 2014. Luckey's role at Oculus has been in flux since it was revealed in September that he secretly funded a Conservative group with a focus on viral, anti-Hillary Clinton memes. The revelation created turmoil within the Oculus group at Facebook and led to multiple female employees resigning, people familiar with the matter told Business Insider. "Palmer will be dearly missed," an Oculus spokesperson told BI on Thursday. "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." It's unclear whether Luckey was fired or left voluntarily. An Oculus spokesperson wasn't immediately able to comment. This story is developing.   Share the latest business news with your network:    Email sent to:   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011