Meta is killing off the metaverse as it pivots to AI [Yahoo! Finance]
Roblox Corporation Class A (RBLX)
Company Research
Source: Yahoo! Finance
Meta announced this week that Horizon Worlds, its social VR platform, will be removed from Quest headsets entirely by June 15. The app will disappear from the Quest store at the end of March. After that, it survives only as a mobile app, repositioned to compete with platforms like Roblox and Fortnite rather than to fulfill any vision of a virtual future. The shutdown is the clearest signal yet that the metaverse pivot has been quietly unwound. Horizon Worlds launched in late 2021 and never found its footing. The platform never drew more than a few hundred thousand monthly active users, which isn't enough for a project that consumed billions of dollars. Reality Labs, the Meta division responsible for VR and metaverse development, has accumulated nearly $80 billion in losses since 2020 . In the fourth quarter alone it posted an operating loss of more than $6 billion The costs were always the argument for staying the course. Zuckerberg had promised the metaverse would reach a bill
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News
- Roblox Expands Board of Directors with the Addition of Dennis DurkinBusiness Wire
- Florida Attorney General says he will be investigating messaging platform Discord for putting children at risk [CBS News]CBS News
- Why DA Davidson Took a Cautious View on Roblox (RBLX) Despite Strong User Growth [Yahoo! Finance]Yahoo! Finance
- TradeKitsune Empowers Roblox Users with a Transparent All-in-One Trading & Info Platform [Yahoo! Finance]Yahoo! Finance
- Roblox's AI-Powered Discovery Improves: Can It Drive Deeper Engagement? [Yahoo! Finance]Yahoo! Finance
RBLX
Earnings
- 2/5/26 - Beat
RBLX
Sec Filings
- 3/20/26 - Form 8-K
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- RBLX's page on the SEC website