Meta reduces investment in the metaverse, terminates the Quest platform's Horizon Worlds project
Meta announced that starting June 15, users will no longer be able to build, publish, or update virtual reality worlds on Meta Quest headsets, nor will they be able to access Meta Horizon Worlds through Quest headsets. This virtual world feature will continue to be available on the Meta Horizon mobile app.
A Meta spokesperson cited a blog post from February of this year, which mentioned that the company is shifting the focus of Worlds to "almost entirely mobile-centric." Earlier in January of this year, Meta had cut about 1,000 jobs from the Reality Labs division and closed several virtual reality game and content studios. Andrew Bosworth, head of Reality Labs and Chief Technology Officer, stated in a memo to employees that Meta will primarily focus on mobile experiences rather than immersive virtual worlds accessed through headsets.
This move marks Meta's further retreat from the metaverse strategy previously championed by Mark Zuckerberg. Resources in Reality Labs have shifted from VR gaming to advancing wearable products aimed at AI goals, including Ray-Ban Meta smart glasses.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

9706 Companies Included in the List of Taxpayers with High Compliance Levels

Berlin Refuses 30 Bitcoin Ransom, Hackers Publish Stolen Data

Berlin City Government Ransomware Attack by Rhysida Hackers Demands 30 Bitcoins

Anthropic Plans IPO Exceeding $100 Billion

Monetary Policy Committee's Interest Rate Decision and Economic Outlook Announcement on the 27th

DeepSeek's New Visual Model deepseek-v4-flash-vision-exp Enters Official Harness

FOMC Minutes to be Released on 20th, PMI and Retail Earnings to be Announced

The China Securities Regulatory Commission and eight other departments: Completely ban illegal cross-border operations of overseas securities, futures, and fund management institutions

Galxe's old version of the SpaceStation V2 contract was affected by an internal key leak, but user funds were not harmed

The Bank of England and FCA launch public consultation on tokenized wholesale financial markets

RootData released the seventh issue of the cryptocurrency exchange transparency ranking (stock category), with Binance continuing to dominate the list and Bybit returning to the top three

U.S. CFTC Chairman: Will issue clear guidance on prediction markets to prevent manipulation and insider trading

Oracle Stock Price: Record Cloud Revenue Growth of 121% Sent ORCL Surging After Earnings

Your Bitcoin trade can now get liquidated because a stock crashed

Druckenmiller, Legendary Trader, Holds Closed-Door Meeting: US Rates Too Low, Dovish Stance Absurd, AI May Have Profit Bubble

Linera Community Fundraising Falls Short, Why Is the 'a16z Concept' Struggling to Sell?

From Robinhood's Review to ARC's Preparation: How to Capture Early Opportunities in New Chains?

Dialogue with Fejau: The Next Round of the Bull Market for Digital Assets is Finally Here

Brent Oil Hits $109: Rally to $120 or Sharp Pullback?

Zamanat Targets GCC’s $250 Billion SME Financing Gap With Up to $100 Million Tokenized Private Credit Fund

CoinFactory Founder Rasoul Rezvani Unveils the Vision Behind RZ Oasis

What You Thought Was a Safe Compliance Check Actually Handed Your Assets to Hackers

When Bitcoin's Unsolved Mystery Meets a New Meme

DEEPCOIN Completes System Penetration Testing with HackenProof to Strengthen Asset Security

In the 17th Year of the Crypto Era, Where is Solana's Path to Survival?

Oil Crisis: 5 Reasons Why the Surge Won't Stop

SEC Reveals Progress on Key Measures to Drive Quality in Thailand's Investment Market

Real Review of World.xyz: Millisecond Trading and Betting Against Market Makers

Trump's Poll Numbers Decline, Bond Market Out of Control: Is Walsh's Independent Space Opening Up?














