Meta decides not to shut down Horizon Worlds on VR after all
Horizon Worlds was once a cornerstone of Meta’s plans to build a social metaverse — four years later, the company almost shut it down.
metaverse
Meta’s metaverse leaves virtual reality
Meta said it’s shifting focus for Horizons Worlds to be “almost exclusively mobile” and that it will separate its Quest VR platform from the virtual world.
Meta burned $19 billion on VR last year, and 2026 won’t be any better
The reported financial losses follow a series of layoffs at the VR unit.
How did Davos turn into a tech conference?
The World Economic Forum’s annual meeting in Davos felt different this year, and not just because Meta and Salesforce took over storefronts on the main promenade. AI dominated the conversation in a way that overshadowed traditional topics like climate change and global poverty, and the CEOs weren’t holding back. There was public criticism of trade policy, warnings about AI […]
Meta reportedly plans to slash Metaverse budget by up to 30%
The proposal reflects the overall lack of interest in products like Meta’s social virtual reality platform Horizon Worlds.