Money
Briefing: Meta is shutting down VR social platform Horizon Worlds in further pivot away from the metaverse
Strategic angle: Meta is scaling back its metaverse focus, cutting studios and head count at Reality Labs to prioritize artificial intelligence.
editorial-staff
1 min read
Updated 24 days ago
Meta has announced the shutdown of its virtual reality social platform, Horizon Worlds, signaling a significant pivot in its business strategy.
This decision aligns with Meta's broader move to reduce its focus on the metaverse, leading to cuts in both studios and workforce within its Reality Labs division.
The reallocation of resources towards artificial intelligence indicates a shift in priorities, which may have implications for the company's future infrastructure and development strategies.