"Palmer will be dearly missed. 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," theverge.com quoted Facebook as saying.
Earlier this year, a US court ordered Oculus and its executives to pay game developer ZeniMax Media $500 million in damages over copyright infringement and violation of non-disclosure agreement.
The Dallas Court order came weeks after Facebook CEO Mark Zuckerberg denied the allegations of stealing the ZeniMax technology and said that it used its own technology to create the Oculus VR headset.
Facebook bought Oculus VR for more than $2 billion in 2014 and the dispute started just after the acquisition when ZeniMax Media sued Oculus of stealing important elements of its technology.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.