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The Latest Breaking News from Palmer Luckey

'We're going to let VR be what it is and what it does great,' says Meta execs regarding Quest changes

Last week's layoffs of 1,500 Reality Labs employees shocked the Meta Quest community, and now Meta is finally explaining what's going to happen next.

Android Central

Meta abandoning VR is 'obviously false,' according to Oculus founder, but Meta's own actions scream the opposite

With Meta laying off a large portion of its VR department in favor of smart glasses, Oculus founder Palmer Luckey believes "this isn't a disaster," but upcoming Quest headsets aren't looking bright.

Tom’s Guide

"Change always sucks because people lose their jobs": but Oculus founder Palmer Luckey still thinks Meta is doing the right thing for VR

Meta's layoffs affected 1,500 jobs last week – and Luckey thinks it's a move for the greater good.

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Oculus founder calls Meta Quest layoffs ‘Not a disaster’ — but I still can’t see it as anything but terrible

'Not a Disaster'? Here's why Oculus founder Palmer Luckey is wrong about the Meta Quest layoffs.

TechRadar

California's wealth tax doesn't fix the real problem: Cash-poor billionaires who borrow money, tax-free, to live on

Billionaires live under "buy, borrow, die," and California's wealth tax wouldn't touch that. An estimated $1 trillion of wealth has already fled.

Fortune

California Billionaires Are Leaving the State in Response to Proposed Wealth Tax

The wealth tax would discourage investment and likely lower tax revenue for California.

Reason

Palmer Luckey Warns China’s ‘Most Powerful Weapon’ Isn’t a ‘Missile or Drone, It’s Their Ability to Control People’s Minds Through the Media’

Palmer Luckey argues China’s strongest weapon is propaganda, highlighting censorship’s social acceptance and its implications for technology, security, and markets.

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Silicon Valley billionaire flies coach out of solidarity: 'If I'm going to ask my employees to do it, I need to do it, too'

"Even like, yes, I have a lot of money but ... it feels like I'm out of touch," said Palmer Luckey, who set a $100k limit on his startup's salaries.

Fortune

Founder of $30 billion defense tech company Anduril embraces Trump’s threat to crack down: It’s ‘good to scare people sometimes’

When dealing with public money “the public should be able to impose whatever restrictions they want on you,” Luckey said.

Fortune

What the 'Jensen Huang Billionaire Tax' Would Actually Mean for Ordinary California Residents

Jensen Huang is okay with California's proposed wealth tax, which could cost him nearly $8 billion. The measure faces mixed reactions.

International Business Times UK

Silicon Valley Founders Warn They May Flee If California Billionaire Tax Passes

Silicon Valley billionaires warn a proposed California wealth tax could drive founders and jobs out of the state.

International Business Times

Tech Billionaires Warn of California Exodus as 5% Wealth Tax Sparks Panic

Tech billionaires threaten to flee California as a proposed 5% wealth tax sparks panic among Silicon Valley founders.

International Business Times UK

California tech founders unload on a proposed state wealth tax that already has some billionaires preparing an escape. 'I am screwed for life'

"One market correction, nationalization event, or prohibition of divestiture (not at all uncommon during wartime) and I am screwed for life."

Fortune

Peter Thiel, Palmer Luckey, And Joe Lonsdale Backed Crypto-Friendly Erebor Bank Gets Preliminary Nod From Regulator

Erebor Bank, a new crypto-focused financial institution backed by prominent tech investors Peter Thiel, Palmer Luckey, and Joe Lonsdale, received preliminary conditional approval for a national bank charter on Wednesday.

Benzinga

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PC Gamer

Palmer Luckey wants to know if you'd buy a 'Made in America' computer for 20% more than 'Chinese-manufactured options from Apple'

Also, what's your favourite colour, and how've you been getting on recently?

Windows Central

Oculus founder Palmer Luckey wants to know if you'd spend 20% more on a "Made in America" PC — but it would surely need something else to stand out?

Best known for founding Oculus VR, Palmer Luckey is now polling for opinion on whether you'd spend more of your cash to get a "Made in America" laptop.

TechRadar

Palmer Luckey asks, 'Would you buy a Made In America computer' if it was 20% pricier than a MacBook? A poll suggests most people would

There's a swarm of questions buzzing around the idea Luckey floated, including what OS the theoretical laptop would run.

GamesRadar

"Inflation isn't nostalgic" - Modretro's FPGA N64 console will arrive later this year for $199.99, but I'm curbing my retro console enthusiasm

Modretro has announced that its "M64" FPGA Nintendo 64 will cost $199.99 and arrive this Christmas, but it hasn't shared full details the retro console yet.

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Tom’s Hardware

Palmer Luckey considering entering laptop market with fully US-made model, wants to know if you'd spend 20% more for an American-made PC

Oculus and Anduril founder Palmer Luckey has repeatedly floated the idea of producing a laptop in the U.S. that would cost 20% more than competitive offerings.

Benzinga

Palmer Luckey Once Brutally Bashed Silicon Valley's Obsession With Easy Cash: 'All The Money Went To Paying People To Do Things That Were A Waste Of Time'

In a conversation last year, defense tech entrepreneur Palmer Luckey criticized Silicon Valley's obsession with "easy money" ventures, saying a tighter funding environment is finally forcing founders to solve real-world problems.

Benzinga

Oculus Founder Palmer Luckey's 'Lord Of The Rings'-Inspired Digital Bank Hits $2 Billion Valuation With Backing From Founders Fund

Palmer Luckey is making another big bet: this time, not in virtual reality or military defense, but digital finance. The Anduril CEO and Oculus founder has launched Erebor, a digital bank that already holds a valuation of $2 billion as it raises at least $225 million in funding, Business Insider…

Benzinga

Anduril CEO Palmer Luckey Says 'Thank You' As Trump Resumes Ukraine Arms Shipments

Anduril Industries CEO Palmer Luckey publicly thanked President Donald Trump on Monday after the president announced resumed U.S. weapons shipments to Ukraine, marking a significant policy shift for the defense technology executive’s company.

PC Gamer

Tech billionaires including Palmer Luckey set up dumb new bank for those who didn't get burned enough in the 2022 crypto crash

It's all about the stablecoins baby.

Benzinga

Anduril CEO Palmer Luckey Says Weapons Destroyed 'Hundreds of Millions' in Russian Assets, Urges US Military Aid to Ukraine

Anduril Industries CEO Palmer Luckey disclosed Wednesday that his company’s autonomous weapons systems have destroyed “hundreds of millions” worth of Russian military assets in Ukraine, while advocating for increased U.S. military support as the fastest path to peace.

Tom’s Hardware

Oculus founder Palmer Luckey leads group of tech billionaires launching new crypto-bank — aims to fill the void left by Silicon Valley Bank's 2023 collapse

It's looking to fortify its coffers with stablecoins.

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