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As a head-mounted display (HMD) designer at the University of Southern California Institute for Creative Technologies, Palmer Luckey earned a reputation for having the largest personal collection of HMDs in the world, and was a longtime moderator in Meant to be Seen (MTBS)'s discussion forums.

Palmer developed the idea of creating a new head-mounted display that was both more effective than what is currently on the market, and inexpensive for gamers.

Oculus has stated that this move is for their employees to be closer to Silicon Valley.

On 20 November 2015, the consumer edition of the Gear VR was released to the public, and sold out during the first shipments.

Software, most notably video games, must be custom programmed to use the Rift.

Although Oculus VR had only released a development prototype of its headset, on March 25, 2014, Mark Zuckerberg announced that Facebook would be acquiring Oculus VR for US$ 2 billion, pending regulatory approval.

Oculus Rift Earphones also started delivery on December 6, 2016 for .

Oculus Studios is a division of Oculus that focuses on funding, publishing and giving technical advice to third party studios to create games and experiences for Oculus Rift.

Oculus VR is an American technology company founded by Palmer Luckey, Brendan Iribe, Michael Antonov and Nate Mitchell in July 2012 in Irvine, California, now based in Menlo Park.

It specializes in virtual reality hardware and software products.

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