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

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 that created 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.


Full price information

"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."

The spokesperson confirmed that this is Luckey's last week at Oculus but declined to confirm if he was fired or left voluntarily.

This story is developing.

RELATED: Facebook through the years

Facebook through the years
See Gallery
Facebook through the years
A businessman displays the Facebook Inc. web page using an Apple iPad, made by Apple Inc. in this arranged photograph in London, U.K., on Thursday, Aug.19, 2010. Research In Motion Ltd. is turning to technology used in BMW audio systems and the Army�s Crusher tank as it tries to distinguish its new tablet computer from Apple Inc.�s iPad, said three people familiar with the plans. Photographer: Jason Alden/Bloomberg via Getty Images
Mark Zuckerbergs facebook page. (Erkan Mehmet / Alamy)
23 March 2015 - Istanbul, TURKEY: Facebook user login screen. The number of active mobile users Facebook has reached 1 billion people. (Photo via Shutterstock)

NOW WATCH: This animation shows how terrifyingly powerful nuclear weapons have become

See Also:

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.