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Stock impact report

Meta's Pivot From VR Is Happening. Too Bad Glasses Aren't Ready for This Moment [CNET News]

Roblox Corporation Class A (RBLX) 
Company Research Source: CNET News
I never loved Horizon Worlds , Meta's best attempt at creating a social universe for its VR headsets. In fact, I've completely avoided it. So I'm not at all surprised that Meta now says it'll be refocusing Horizon Worlds on Roblox-like phone games. Is the metaverse dead? No, because the metaverse isn't just Meta: It just co-opted the philosophical term . But the company's biggest investment in virtual worlds has turned out to be a failure. And it's just the "tip of the iceberg pivot" that Meta's doing right now, as it tries to turn its VR efforts into a win with future AR glasses. Show less Read more
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