Jaeden Schafer

It's kind of a novelty.

It was kind of fun.

Also kind of gave you a headache and you kind of just moved on.

So I think because of that, the vision today of this huge metaverse, I mean, they were spending, you know, $10 billion, over $10 billion, I think a quarter or a year, like just absolutely astronomical amounts of money on this.

So according to CNBC, they've now made a whole bunch of cuts.

Over 1500 people have been let go.

And this is hitting a whole bunch of internal studios.

So there's Amateur Studios, which was working on Resident Evil 4 VR.

There's Twisted Pixel, which is kind of known for Marvel's Deadpool VR.

There's Sanzaru, who's the creative of Asgard's Wrath.

The VR fitness app Supernatural, which personally was one of my favorite when I had a VR headset.

It was actually acquired by Meta in 2023 for about $400 million dollars.

but they're going to stop producing any new content and they're just going to shift into maintenance mode.

So Camouflage, who's the studio behind Batman Arkham Shadow, has also seen a bunch of layoffs, according to GeekWire.

So I think The Verge also reported that Workrooms, which has met his attempt to bring, you know, VR into the workspace, is also shutting down as well.

I basically think all of these are not great signs for Zuckerberg's metaverse.

And Bloomberg already did a report back in December that said that Meta was planning to cut the VR division's budget by as much as 30%.

At the same time, they were pausing efforts to license their Meta Horizons operating system to any third-party headset makers, which was part of kind of an ambitious plan they had a little while ago.

So the real question is, what is the damage?

Altogether, Meta has put about $73 billion into the division.