Above: Palmer Luckey on the cover of Time in August 2015. Palmer Luckey, who founded Oculus Rift and who many credit with reviving the virtual reality industry, has left Oculus VR and Facebook, as ...

Facebook finally did the thing it always said it wasn't going to do. We're shocked. Shocked, we say. Share on Facebook (opens in a new window) Share on X (opens in a new window) Share on Reddit (opens ...

Palmer Luckey founded Oculus, sold it to Facebook for $2 billion, and was fired two years later. Now he's building military ...

Facebook is buying Oculus VR, a startup that makes virtual reality video game headsets, in a $2 billion deal. Oculus doesn’t make a consumer product yet, but its headset called the Oculus Rift for ...

Facebook's virtual reality advertising plans have hit a stumbling block after its first advertiser pulled out. The company announced on June 16 it would be testing ads in Oculus game Blaston, from ...

Oculus has had the lead since Palmer Luckey showed off the working prototype of the Oculus Rift in mid-2012. He won over John Carmack, the legendary graphics wizard and programmer at id Software, ...

Facebook has reportedly hired a 15-year Apple veteran to head up its Oculus VR division’s hardware team. Michael Hillman worked on multiple major projects at Apple, including as lead designer with the ...

Facebook announced the new Oculus Quest 2 virtual reality headset during its Facebook Connect VR event on Wednesday. The new fully wireless headset will release on October 13, with pre-orders ...