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Stock impact report

Virtuix Takes VR Locomotion Public With Nasdaq Debut [Forbes]

Dave & Buster's Entertainment, Inc. (PLAY) 
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US:NASDAQ Investor Relations: dave.com
Company Research Source: Forbes
VTIX, marking a rare public market debut for a virtual reality hardware company, one that has spent more than a decade solving one of VR's most stubborn problems, how to move naturally inside a virtual world. Founded in 2013 by mechanical engineer turned banker Jan Goetgeluk, Virtuix grew out of a simple observation. “I thought the biggest problem that hadn't been solved yet was how to walk around inside virtual reality,” Goetgeluk told me in an interview yesterday. That insight led to the original Omni treadmill, a concave low friction platform paired with a safety harness and overshoes that allows users to walk, run, crouch, and turn freely while remaining in a small physical footprint. The IPO represents a rare and much needed bright spot for consumer VR hardware. Earlier this month, Meta's Reality Labs division laid off ten percent (sources say it is higher, and will continue on a rolling basis) of its workforce, hitting its owned content studios the hardest. CTO Andrew Boswor Show less Read more
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