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technology8h ago
Meta Is Shutting Down Its VR 'Metaverse' After Spending An Obscene Amount Of Money Building It—And People Are Roasting Mark Zuckerberg Hard
- Meta will shut down Horizon Worlds this summer after years of investment and a broad shift in strategy.
- The move reflects Meta's pivot from metaverse VR to artificial intelligence investments.
- Analysts describe Horizon Worlds as a costly, underperforming project with significant losses in Reality Labs.
- The shutdown marks a retreat from Zuckerberg’s original metaverse vision, which once led to Meta’s rebranding.
- Meta will maintain some legacy VR apps, but will not develop new Horizon Worlds features.
- The headlines describe a notable shift in strategy amid ongoing layoffs in the metaverse division.
- Public reaction online has been critical of the metaverse concept and its leadership.
- Meta's pivot places emphasis on AI as a core growth area moving forward.
- The Horizon Worlds timeline targets a June 15 end for immersive VR access.
- The Metaverse venture, once a flagship initiative, faced a major reversal in strategy.
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