Oculus cofounder Palmer Luckey is leaving the company

His inventive spirit helped kick-start the modern VR revolution and helped build an industry.

Oculus co-founder Palmer Luckey is leaving Facebook nearly three years after he sold his virtual reality startup to the social giant for more than $2 billion. "We're thankful for everything he did for Oculus and VR, and we wish him all the best", a Facebook spokesperson said in a statement on Thursday.

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The 24-year-old tech mogul, who created a prototype of the Oculus Rift headset in his parents' garage, has been embroiled in controversy since Facebook purchased the virtual reality company. Luckey only admitted to donating to the group. In a statement given to VICE News, the company declined to comment on why Luckey had left.

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.

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Facebook CEO Mark Zuckerberg has hailed virtual reality as the next major computing platform after mobile devices.

Oculus then went on to be acquired by Facebook in March 2014 for US$3 billion, an event that culminated in the launch of the first consumer-level VR headset for the company in March 2016-the Oculus Rift. 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. Facebook said it will appeal the decision.

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