Topic: metaverse abandonment
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The Metaverse Dream Is Fading
Meta is dramatically scaling back its metaverse ambitions after massive financial losses, shifting strategic focus and resources toward artificial intelligence due to a fundamental miscalculation of consumer demand and technology readiness. The initiative failed to gain mainstream traction due to...
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Meta's Metaverse Moves Beyond Virtual Reality
Meta is pivoting its Horizon Worlds platform to become "almost exclusively mobile," decoupling it from VR hardware to pursue a larger audience and compete with platforms like Roblox. This strategic shift follows massive financial losses in Meta's Reality Labs division, nearing $80 billion since 2...
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