Friday is Luckey's last official day with Facebook, according to Upload VR. His inventive spirit helped kick-start the modern VR revolution and helped build an industry.
Palmer's exit comes about a year after Oculus premiered its flagship virtual reality headset, the Oculus Rift (which Luckey helped design). "We're thankful for everything he did with Oculus and VR, and we wish him all the best".
Oculus co-founder Palmer Luckey has left Facebook.
Luckey stirred up negative attention in September when The Daily Beast published a story claiming that Luckey was funding a far-right political group bent on smearing presidential candidate Hillary Clinton with memes.
Facebook purchased Oculus for about $2 billion in 2014.
Luckey apologized on Facebook, writing that he was "deeply sorry that my actions are negatively impacting the perception of Oculus and its partners".
Facebook CEO Mark Zuckerberg has hailed virtual reality as the next major computing platform after mobile devices. Oculus has confirmed the report, first spotted by UploadVR, with TechCrunch in a fairly cookie cutter statement. A Texas jury found that Luckey failed to comply with a non-disclosure agreement and the company infringed on copyright. Facebook said it would appeal the decision.
The spokesperson confirmed that this is Luckey's last week at Oculus but declined to confirm if he was sacked or left voluntarily.