"Meta has announced a major update for its immersive virtual world, Horizon Worlds, on Thursday that will see it leave the metaverse behind. The tech giant said it's shifting focus for Horizons Worlds to be "almost exclusively mobile" and that it's "explicitly separating" its Quest VR platform from the virtual world. Meta's Reality Labs division for VR and smart glasses development has lost nearly $80 billion since 2020."
"The update to Horizon Worlds, and other recent moves, signal that Meta is significantly rethinking its VR ambitions. Last month, the company reportedly laid off roughly 1,500 employees from its Reality Labs division - about 10% of the unit's staff - and shut down several VR game studios. Additionally, it was reported that the VR fitness app Supernatural, which Meta acquired in 2023, will no longer produce new content and will move into "maintenance mode.""
Meta announced that Horizon Worlds will shift to an almost exclusively mobile focus and that its Quest VR platform will be explicitly separated from the virtual world. Reality Labs has lost nearly $80 billion since 2020, and recent actions reflect a major rethinking of VR strategy. The company laid off roughly 1,500 Reality Labs employees, shut down several VR studios, and placed Supernatural into maintenance mode. Horizon Worlds will pursue mobile-first competition with platforms like Roblox and Fortnite. Meta retains plans for future VR headsets with a roadmap targeting different audience segments.
Read at TechCrunch
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