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Palmer Freeman Luckey (born September 19, 1992 [2]) is an American entrepreneur best known as the founder of Oculus VR and designer of the Oculus Rift, a virtual reality head-mounted display that is widely credited with reviving the virtual reality industry.
Reality Labs, formerly Oculus VR, is a business and research unit of Meta Platforms (formerly Facebook Inc.) that produces virtual reality (VR) and augmented reality (AR) hardware and software, including virtual reality headsets such as the Quest, and online platforms such as Horizon Worlds.
Meta has also made investments in LuckyCal and Wildfire Interactive. Most of Meta's acquisitions have primarily been "talent acquisitions" and acquired products are often shut-down. In 2009, Meta (as Facebook) CEO Mark Zuckerberg posted a question on Quora, titled "What startups would be good acquisitions for Facebook?", receiving 79 answers.
After his ordeal with the Oculus, it’s clear that Luckey is delighted to be back in the headset business. He was terminated by Facebook in 2017 after a donation he made to a pro-Trump group led ...
The headset -- like Oculus VR's Rift, Sony's Project Morpheus, and Samsung's Gear VR -- is simply the first tool for creating that sense of immersion or "presence."
Hugo Barra, VP of Facebook Reality Labs partnerships — who had once overseen the social giant’s Oculus, VR and augmented reality development teams — is exiting his post, leaving the company ...
In 2015, following Oculus VR's acquisition by Facebook, Oculus Share was shut down and revamped as the Oculus Store for the consumer-facing Oculus Rift, including pre-approvals, sales taxes and comfort ratings. [2] In addition, the company announced an investment of $10 million into indie game developers to distribute their games in the store.
Meta has also acquired Oculus (which it has integrated into Reality Labs), Mapillary, CTRL-Labs, and a 9.99% stake in Jio Platforms; the company additionally endeavored into non-VR hardware, such as the discontinued Meta Portal smart displays line and partners with Luxottica through the Ray-Ban Stories series of smartglasses. [21] [22]