Facebook's Meta rebrand is looking stupider by the day
Creative Bloq • • business
Key Points:
- Five years after rebranding its parent company as Meta to focus on the metaverse, Facebook's parent company is shutting down its VR platform Horizon Worlds and removing it from the Quest store by mid-June.
- Meta laid off around 1,500 employees, or 10% of its Reality Labs division, which is responsible for AR and VR projects, signaling a major shift away from the metaverse vision.
- The move reflects a strategic pivot with Meta shifting investments from the metaverse toward wearable technology, as stated by a company spokesperson.
- Zuckerberg's ambitious 2021 vision for the metaverse, backed by a $10 billion investment, has faced criticism for its underwhelming design and now appears to be faltering amid
