Oculus was a virtual reality company founded by Palmer Luckey. It was acquired by Facebook, now known as Meta, for $2 billion in cash and stock. Virtual reality has been a major initiative for Meta.

What began in 2009 as the hobby project of a 17-year-old developed into the catalyst for a new VR era within a few years. Oculus was more than just a company – it was a symbol of the rebirth of ...