"We have decided, just today in fact, that we will keep Horizon Worlds working in VR. This announcement came through Meta's CTO Andrew Bosworth in an Instagram Stories Q&A after a fan expressed being heartbroken about the original shutdown decision, with a Meta spokesperson confirming the reversal to TechCrunch."
"Meta indicated earlier this year that it would stop supporting the social metaverse app on its Quest virtual reality headsets, which was a big concession for an app that Meta once envisioned as central to socializing in VR. As it turned out, very few people actually wanted to hang out in VR."
"That division at Meta has lost $73 billion since 2021, the year that Meta rebranded from Facebook. As we pointed out previously, you'd have to spend $1 million per day for 200 years to spend that much money. Reality Labs also accounts for spending on augmented reality products like smart glasses, as well as some AI research."
Meta's CTO Andrew Bosworth announced via Instagram that the company will continue supporting Horizon Worlds in VR, reversing an earlier decision to move the app to web and mobile only. This reversal came after a fan expressed heartbreak about the planned shutdown. The decision reflects the broader struggle of Meta's metaverse vision, which has failed to attract significant user adoption. Meta's Reality Labs division has lost $73 billion since 2021, demonstrating the massive financial cost of the failed VR initiative. Quest headset sales declined 16% year-over-year, and competitors like Apple have similarly struggled with VR adoption, scaling back Vision Pro production due to low demand.
Read at TechCrunch
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