Meta is decreasing its workforce by around 12.6 percent in a layoff that will affect 11,000 of its employees, making it the largest tech layoff this year.

Meta CEO Mark Zuckerberg said this in an internal memo obtained by Reuters:

“Not only has online commerce returned to [pre-covid] prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I’d expected,” Zuckerberg said. “I got this wrong, and I take responsibility for that.”

Meta plans to cut discretionary spending and extend its hiring freeze through the first quarter, Reuters maintains. Laid off Meta employees are said to receive 16 weeks of base pay plus two additional weeks for every year of service, as well as all remaining paid time off, as a part of the severance package.

It’s not certain what percentage of layoffs will affect those working in Reality Labs. We’ve reached out to Meta for further comment and will update this if/when we hear back.

SEE ALSO
Meta Drops Forced Facebook Logins with Rollout of New Meta VR Accounts Today

Trouble in XR Paradise?

Meta’s most recent quarterly earnings spelled trouble when it was released last month. Close to celebrating its first year after rebranding from Facebook to become a self-described ‘metaverse’ company, Meta battled slumping revenues across multiple divisions, not least of which was its XR centerpiece Reality Labs, which took an expected hit that didn’t sit right with investors.

While Meta has been aggressively spending on its XR division over the past few years, its recent shift away from Facebook amid all-time low revenues and record inflation has made layoffs almost a guarantee to keep stock prices from plummeting further.

Back in May, Reuters reported that hiring freezes would affect Reality Labs, which has added more than 13,000 employees last year and nearly 6,000 in the first quarter this year.

Zuckerberg warned at the time that Reality Labs probably wouldn’t truly profit for at least decade. In the meantime, the Meta’s XR efforts has cost the company $10.2 billion in 2021 and another $3 billion in the first quarter this year.

Meanwhile, Meta has just released its $1,500 Meta Quest Pro mixed reality headset for prosumers and business, and plans to release a consumer-focused follow-up, likely dubbed Quest 3, sometime in 2023.

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  • Papias

    I wish Meta would put John Carmack in charge of the metaverse. They need to focus on user experience and performance if they want people to use it. They need to get the dollar signs out of their eyes.

    • Pyroth3093

      Carmack was one of the drivers toward the Mobile nonsense. I don’t think he’s the right person for the job.

      • ViRGiN

        LMAO, the mobile “nonsense” is sole reason you can even boot into PCVR.

        • Pyroth3093

          ? I have a rift cv1, index, reverb g2, samsung odssey+ and a Varjo Aero….and none of them have low grade botton of the barrel crappy mobile VR.

          • ViRGiN

            yet you’re playing Gorilla Tag and Rec Room.
            also, do you have 5 heads or what?

          • Pyroth3093

            Mostly play simulations. I’ve been using VR since 2016 so that’s my upgrade path. I also have a Quest 2 but I hardly ever use it. It’s sub par.

          • ViRGiN

            I’ve been using VR since 2012, at home since 2013. I’ve seen it all. PCVR is a joke at all fronts – except the extremisticly extreme niche which is simulators. You are literally target of not a single company. People like you don’t make even a tiny market in VR sphere.
            Calling Quest 2 subpar just shows your snobism.

          • Pyroth3093

            Disagree with it being a joke. The modding community alone makes it great. I play many games just my focus is Simulators. Considering the difference in power from my 4090 and a mobile GPU…it’s just not even in the same galaxy of capability and graphical fidelity. That’s why Mobile VR is bombing. It’s fun for a few and then the luster wears off and all you’re left with is PS2 quality graphics and mostly shallow bad games.

          • ViRGiN

            No, the modding community doesn’t make it alone great. They are literally keeping the last samurais of PCVR from boxing their expensive and outdated PC/VR rigs.
            Stop talking about non-VR games on VR sites. Let’s talk about real VR games. And talk about it without using “Alyx” or “BoneX”

          • shadow9d9

            Jankware plus “graphic fidelity,” which just outs you right there as completely out of touch with gaming.

          • Pyroth3093

            If you saw what Cyberpunk 2077 or Red Dead Redemption looked like on my rig, you’d hardly think it’s a joke.

          • ViRGiN

            No doubt high-end PC AAA games look great rendered in VR, but they are not VR games at all. They are 3D TV games with xbox controllers. Absolutetly nothing new here. VorpX came out in 2013 or 2014. It’s been a thing for nearly a decade.

          • Pyroth3093

            I was referring to Lukeross RealVR mods but yea lack of Motion Controls is a fair point even if I find them to be pointless in most games. They work great in Alyx and Lone Echo.

          • ViRGiN

            You know very well that a real GTA 5 with VR support is a VR seller. These mods don’t sell anything, just entice a promile of percentage of users to not disconnect their VR set up permanently. It’s trash. And you only see it as positive, cause native PCVR is really trash, excluding extreme niche use case for simulators.
            Alyx hype is long gone, it’s as relevant as Mario 64 – there are millions of people who still haven’t played it, but that doesn’t change anything. Lone Echo is also not the type of game that ‘one size fits all’ – it’s a cool experience, but guaranteed, just as much as alyx – that 75% will never finish even half of the game. They all crawl back to Beat Saber and stuff.

          • Pyroth3093

            Except that’s already more than I can get on the crappy mobile games. I’m not saying PCVR is the best thing ever…but it’s better than anything Mobile VR offers. There’s many other games I’ve enjoyed more than any of the mobile VR games I’ve tried and I’ve tried over 100 on Quest 2. They’re mostly crap. The immersion and realism I get from Simulations and modded games far surpasses anything Mobile can do is my point. It’s just really bad VR. I’ve already preordered PSVR 2 with hopes that it can at least provide something that looks semi realistic with its Dynamic Foveated rendering that should at least give us something close to a 3070 or maybe even a 3080 in performance. Mobile VR sucks..and I’m glad Meta is bombing. Their vision of VR is something I want no part of. I’d rather go back to monitor gaming.

          • ViRGiN

            Well, you did. Stop bringing up simulators cause those are a completly different genre and always has been outside of anything resembling main stream or adoption. Again, you, and all simulator fans in vr combined does not create a market. You have no voice here. If you enjoy it, that’s awesome. Cockpit games are one of the most natural fits for VR. But nobody cares about those outside your circle. I don’t even understand what’s the point of expressing how shitty your experience with the Quest 2 was – the numbers speaks for themselves. PCVR is dead. Just because you can access flat games, that again is not a selling point and did not increase adoption, neither boosted sales of flat games. It’s totally irrelevant, and just shows how bad PCVR is. It’s NEVER about the headset. Those are far beyond bare minimum acceptable level of quality – it’s always about software. And PCVR respresent development kit for mobile games, cause sure as hell there is no PC in PCVR games for 99% of ever released software.

          • Point

            “PCVR is dead”.
            Lmao, that’s hilarious.

          • ViRGiN

            Some react with laughter to devastating news.
            I totally get you.

          • shadow9d9

            PCVR is dead for all intents and purposes, and has been so for years. It sells a pathetic amount in terms of numbers, so no one is funding development as a result.

          • shadow9d9

            Graphics are not the end all of games.

          • Pyroth3093

            Red Dead Redemption 2*

      • Jonathan Winters III

        Without the “mobile nonsense”, Oculus/Meta would have ceased to exist years ago, along with the majority of the VR market.

        • Pyroth3093

          I’m not sure that would be a bad thing at this point. The VR Meta currently envisions isn’t one I want to be a part of anyway. Hopefully PSVR 2 is a hit and we get some ports. At least that can render modern graphics through Dynamic Foveated Rendering.

          • Alexisms

            I was excited for PSVR2 but at a cost higher than than the ps5 itself i’m not going to bother. I don’t think that could have launched/will launch at a worse time, sadly.

          • Pyroth3093

            I hear that, but quality costs money. Add on inflation…and parts are very expensive at the moment. They don’t have much choice.

          • Alexisms

            They could do what various manufacturers have done in the past… sell at a loss until the costs come down enough to make a profit on the hardware. This gets more units into peoples hands, increases software sales which also brings in revenue. Short term pain for long term gain.

          • Pyroth3093

            They likely already are. Have you looked closely at the feature list? It’s a massive upgrade from the original PSVR.

      • shadow9d9

        The “mobile nonsense” has allowed the Nintendo Switch to near 3rd best selling console of all time. No one cares.

    • Bob

      No that wouldn’t work because 1) Carmack isn’t a leader. He’s not good with people, 2) Carmack doesn’t believe in the concept of the Metaverse and has been pretty open about it in all of his talks, 3) Carmack is currently extremely pre-occupied with general AI research for Meta.

      • Not “for Meta”. While consulting one day a week at Meta, he runs his own venture-backed AGI company Keen Technologies the rest of the time.

        • Bob

          Not in any “official capacity”. His AI research is funded by Meta but it’s not disclosed. He was pressed to pursue this route and reduce his working days at Meta to one day a week in a consulting position.

          • ViRGiN

            Source? Can’t just make claims like that without any evidence.
            I remember watching 5+ hours interview with Carmack, and I remember him saying that he didn’t want to take other people money cause then he is pressured to deliver something. He put his own money onto table.

          • Sven

            In a more recent talk he said he recently allowed investors on board (for a relatively small total investment) to give himself motivation to work harder so as not to waste other people’s money. It sounded to me more like it was individual investors rather than Meta, though. Not impossible Mark is one of them I suppose.

    • ViRGiN

      I wouldn’t trust someone who did not see user benefit in 6DOF controllers in VR to lead the metaverse movement.

      • Max-Dmg

        I wouldnt trust you.

        • ViRGiN

          Because I put racist & insulting comments every 10 minutes ?

          • Max-Dmg

            Not just that.

    • sfmike

      Meta is a corporation and dollar signs are the reason for their existence in our predatory capitalist society.

  • Papias

    The mobile processor is probably too weak currently to handle the metaverse. Maybe development should shift to the Xbox.

    • Runesr2

      Yes, no one cares for bottom-end phoneVR in the long run, and Meta can’t make their visions come true with graphics looking worse than Half-Life 2 from 2004, lol.
      Well, unlucky Meta employees might now get the opportunity to spend much more time in phoneVR and Horizon, what’s not to love about that…

      • ViRGiN

        get that ps5, job simulator and other quest games will play wonderfully while tethered.

      • MeowMix

        such a toxic comment

      • shadow9d9

        10 million sold, which is exponentially more than anyone else. Phone gaming, the Switch, is about to break into 3rd best selling console of all time. You are out of touch.

    • ViRGiN

      RPO-alike metaverse is only possible with cloud computing.
      Internet will always get faster and more accessible – powerful hardware in homes – never. GTX1060 is the most popular GPU according to Steam.
      And you need internet to access it anyway.

      • Papias

        Edge computing has been promised for a while now. But it hasn’t scaled yet. Companies don’t seem to be willing to spend the money scale it. Cloud computing would have too much latency for VR. You would probably need edge computing to achieve what you are talking about.

        • ViRGiN

          Not exactly. Even carmack spoke about it, and low-key “stole” my idea that you don’t have to stream everything. You could have part of the app rendered locally, like your own avatar, so the tracking is never disconnected. Moving in 3D space – masked with depth maps to mitigate latency etc. I don’t know where you guys live and what internet is available to you – even fps vr shooters are totally playable from cloud computers like Shadow, which had zero optimizations done for VR. A true, build for VR solution could only perform better, and would roll out gradually, just like Horizon.
          Rumours were that Meta is already working on streaming PCVR games from the cloud, but we’ll see what comes out of it after today news. But streaming VR today is totally acceptable, and it’s not barely acceptable level or putting up with it, it simply works.

    • sfmike

      More like shift to PlayStation as Microsoft and the XBox is only concerned about keeping corporate profits high and have already shown they have no real interest in VR. How many times do they have to show their half a**ed attempts at a headset and lack of support.

  • FrankB

    Horizon is a pretty horrible meta verse experience, they should have run off PC, not the underpowered Quest. Having said that AltSpace VR and Rec Room both run way better than Horizon on standalone Quest 2 hardware.

    • I get comparing it to AltSpace and Rec Room, but it’s also important to note those experiences released 5 years before Horizon did, which has only been out for about a year. Altspace is basically dead and Rec Room released with a small set of features. But I do agree that, at the moment at least, it seems like Meta has bitten off more than they can chew with Horizon. Really wish they hadn’t canned Oculus Rooms, that would have been a great platform to grow from.

  • TeddyLoo

    It turns out that strangers are just as terrible to be around in virtual reality as they are in real life. Doubly so strangers between the ages of 9-15. The problem of the troll hasn’t been solved in open discussion forums much less in VR social spaces. The problem of deep political divisions across the world and within countries hasn’t been resolved anywhere. I guess what I’m trying to say it’s a difficult time to create a metaverse from a sociological perspective even if the technological issues were overcome.

    • I mean, you’re posting here in an open forum with strangers. What inspired you to do so? It’s possible you could be side swiped by a troll at any moment, but you’re still here. There must be some inherent value to all of this despite the risks, right?

      • silvaring

        Clearly the inherent value is much more on the side of social media platforms like twitter and whatsapp right now, along with traditional websites like these that don’t require massively cumbersome steps just to interact with.

    • BananaBreadBoy

      I mean, block/report buttons and cultivating friend lists are a good start.

  • Rudl Za Vedno

    Zuckerberg wrote: “I got this wrong, and I take responsibility for that.”
    Wrong, 11,000 of your employees took “responsibility” for your mistakes.

    • VR5

      Zuckerberg wrote: “I got this wrong, and I take responsibility for that.”
      Wrong, 11,000 of your employees took “responsibility” for your mistakes.

      Since you put responsibility in quotation marks you apparently already understand that you’re misusing the term but to point it out explicitly: Responsible is the one that has to answer to the question: who made this mistake? The mistake being hiring staff Zuckerberg could not afford to pay for long term. If Zuckerberg hadn’t made that mistake they would never have been hired in the first place.

      • Rudl Za Vedno

        Semantics. The fact is 11,000 of his employees are F***ed while he’ll stay a billionaire no matter what.

        • VR5

          It’s not semantics. You have two scenarios: (a) they never get hired. (b) Zuck can’t afford them and needs to fire them. Outcome is the same, they don’t work for Meta.

          Covid boost was temporary, contest from TikTok is not. Apple disabling ad tracking on iOs also didn’t help.

          • Rudl Za Vedno

            Cudos for defending evil corporation and it’s owner.

          • VR5

            Considering how well Meta is paying and the amazing severence conditions the fired staff get I wouldn’t say they’re evil.

          • Rudl Za Vedno

            16 weeks of base pay plus two additional weeks for every year of service is good severence now? I got 18 months pay when I got sacked in IT company back in 2013. I’d take them to court if they’d offer me anything less.

          • kool

            Dude i was a real estate appraiser during the crash of 08 and a v technician my job was based off of super spreaders during the pandemic. Both times working for myself black with a high school education no severance. I updated my resume and im fine now, i understand most people couldn’t bounce back like i did but its creates an opportunity to make yourself stronger good luck.

          • VR5

            Yes it is. How much do you think they’re owed by the law?

          • Arno van Wingerde

            It rather depends where you are: in Africa it is likely zero, the US is probably close to that and in civilized countries it is a lot more.

          • VR5

            We have a concrete case here if you want to contribute any actual information. But I guess you just wanted to insult Africa and the US as uncivilized.

          • Alexisms

            The USA has no legally binding paid vacation days for employees, no paid maternity leave for fathers or even mothers, no compassionate leave for employees losing their family, no universal health care. I’d say that’s pretty uncivilised.

          • VR5

            I’d say the US is uncivilized because they have the death penalty. Those are opinions. Not worth arguing here/besides the point.

            You’re just further derailing this thread. The poster before you did that in a racist way. By pretending the term uncivilized is helpful in this discussion you’re aiding their racism.

            Considering the accusation was that “FB is evil” it certainly drew out evil (in this case racist) voices.

            Meta has very good working conditions btw (according to your own stated expectations) so is your opinion that Meta is more “civilized” than the American average? If you’re interested in the earlier topic of “evil”, do you think Meta is not notably “evil”?

            If you want to dicuss, you need to be concise and keep track of what is actually argued. Not create new goal posts to make the reader forget where the thread came from.

          • Alexisms

            no, i can explain in my own words why the usa is uncivilised. Simple as that. You can take my reasons on board or ignore them completely, i don’t mind.

          • VR5

            To repeat: (a) the question “is the US uncivilized?” is offtopic, it doesn’t contribute to the thread. So why even post it other than to amplify the earlier poster’s racism?

            (b) You may be of the opinion that the US is uncivilized, but that isn’t according to the definition of the word, not with the reasons you listed.

            Of course you “can explain in your own words why YOU THINK the usa is uncivilized.” But it is besides the point.

          • Alexisms

            No it’s entirely the point. You keep banging on about it. Comments are for opinions of which mine and yours are just two.

          • VR5

            Which previously established point does your statement attack though? You list some facts, then provide an opinion that this is “uncivilized”, which is problematic for the reasons I gave. The problem is, if you list unrelated facts, your post is just spam. If you intended your post as a relevant reply to previous statements you don’t explain yourself well, actually not at all.

          • Alexisms

            I’m afraid if you can’t underestand why my list of reasons usa is uncivilised you can’t understand as to the reasons that the usa is uncivilised. There’s nothing that can be done for you at this point.

          • ViRGiN

            Some people would love firing people becoming illegal and punishable by 20 years in jail.

          • Arno van Wingerde

            Nice try, but OTOH: if people had not been spending all that money on VR stuff, they would have spent it somewhere else, thereby creating lots of jobs for florists, bakers, travel agencies and what have you… ah economics, got to love it!

          • VR5

            Most of the covid boost came from people being on FB and IG, which are free services so they didn’t spend any money at all.

            Also, the people hired couldn’t work in the professions you’re listing. Not to mention your reply is completely off topic and doesn’t address anything stated previously in the thread of posts you added your own reply to.

          • johnyjazz

            Your analysis only holds if the only ones being fired were the ones hired during the rapid mistaken expansion – this wasn’t the case so your premise is incorrect.

          • VR5

            You’re right and this occured to me after I wrote it also, it’s not all the same people who were hired and later fired. It might also not be the exact number of people hired in that period. But in principle the view is not entirely wrong. During that short lived corona boom more people were hired than was sustainable.

        • ViRGiN

          Is it Meta responsibility to employ these people till death or what?

          • kool

            I mean he kinda did promise them that on the metaverse…

          • ViRGiN

            kinda, or he did?
            these people accepted the jobs with guarantee of work for certain amount of time. if these people are laid off earlier, they will still get paid for the remaining time.
            it’s not like he doesn’t want these people. it’s just unsustainable at the moment.
            online nerds often said that meta stole all the good employees and that’s why there is little to no competition.
            let’s see how much competitors will go out of their way to snatch these talents.

          • kool

            It was an satirical observation, honestly I think this will be like operation paperclip. You’ll see meta code show up from silicon valley to the metaverse. These layoffs should super charge independent attempts at creating an open source metaverse.

        • Mr.Philgood

          Impacted employees will receive 16 weeks of pay plus two additional weeks for every year of service. On top of that, Meta will cover health insurance for six months. And they provide three months of career support with an external vendor, including early access to unpublished job leads.

        • kool

          Ducked with some of the highest paying skill sets and resumes. They’ll be fine. He got too close to the sun and we got our medium of choice established. eggs were broken and omelets were made.

        • sfmike

          We’re all f**ked by the billionaires that are now hoarding most of the wealth in this sad nation. “The top 1% of Americans have about 16 times more wealth than the bottom 50% The wealthiest 1% of Americans controlled about $41.52 trillion in the first quarter, according to Federal Reserve.”

        • Max-Dmg

          Yeah, so even less chance of them fixing years old and new obvious bugs.

    • kool

      In pretty sure he lost more than they made…

  • ViRGiN

    Sometimes you have to fall to the bottom to bounce off it.
    Everyone is laying off people, except for peasant companies like Valve that makes billions and employee about 350 people. Don’t need much workforce when all you do is being a middle man for hosting game files online.

    Nonetheless, this is one of the best ‘goodbye’ packets ever offered to employees. With such CV, all doors are open.
    Best wishes Mark and thanks for all the extremely hard work and making VR a reality, not a fad.

    • Rudl Za Vedno

      Yeah? Tech companies are cutting workforce like there is no tomorrow atm. I have a bad feeling the worst is yet to come. This recession might well be 1929 like or even worse.

  • vancleefmustache

    There’s some serious hardcore Zuckerberg riding going on in this thread. Never thought I would say that in my life but here we are. I love me some VR but, man, I gotta say, you are a weird bunch. Sometimes it really feels like the VR community is the neck beard of gaming.

    • Your Zuckerberg hatred is just as irrational.
      Like I, Virgin & anybody else who’s thinking clearly has said time & time again:
      for all of his faults, and there are many, consumer virtual reality
      would be NOWHERE NEAR what it is now in 2022 if not for him.
      Your needlessly stubborn refusal to accept this truth doesn’t make it any less valid.

      But I understand: you’re looking for that endorphine squirt you get
      when others cheer and pat you on the back online
      for being a contributing member of the “Fuck Zuck!!” club.

      • vancleefmustache

        Neckbeard of neckbeard.

        • shadow9d9

          The irony.

    • shadow9d9

      Anyone who uses the name just outs themselves as a lunatic.

  • Papias

    It will be interesting to see what Apple achieves.

    • Arno van Wingerde

      It will be, but not everything Apple does becomes a hit, Apple TV hasn’t exactly conquered the world by storm, even though it has nice series.

    • shadow9d9

      A $3000 headset and zero game development. Is that interesting?

  • ViRGiN

    DUDE!!!
    Did you watch the latest peemax Connect? I mean pee-frontier?
    Please do watch it fully. Cringe guaranteed at minimum rate of two per minute. This is the company that people who faked their death put their last hope, starting with Crystal lol. You can put pimax in a pimax. Holy crap.

  • XRC

    Sad news (for affected employees) but not surprised; he bet the farm on the metawhatsit.

    The technology just isn’t ready, either body worn or network infrastructure. Mass market doesn’t care, yet, if ever?

    Bold bet he made, kudos for the attempt, but it’s one vision of the future, he’s not the first CEO to take a company down the wrong path?

    Hopefully the ex-employees have a happy landing, at least the severance is generous

  • Max-Dmg

    fb are broke lol.

    • ViRGiN

      more like you are morally bankrupt and victim of 2 decades long steam abuse.
      they are still making billions in profit.
      you even commented on article half a year ago about mark warning shareholders that metaverse may not flourish until 2030s

      • Max-Dmg

        They cant even afford to get staff to fix bugs in all their riddled software. Bet your a virgin in real life too.

        • ViRGiN

          I bet you lost your virginity against your will.

          • Max-Dmg

            Only at first.

          • ViRGiN

            With a fist!?

          • Max-Dmg

            I’d fist your face.

          • Max-Dmg

            My fist in your face.

          • ViRGiN

            Your face in my fist, dude who lost his virginity against his will

          • Max-Dmg

            Sad little keyboard warrior.

          • ViRGiN

            I dictate my speech, you sad little keyboard warrior

  • I feel bad for all these people that are being laid off this year in the tech world

  • Ad

    Woohoo!

    • ViRGiN

      the most retarded take ever, as usually delivered by an absolute valve boy

  • cheese

    Try bringing A one games like half-life , and lower the prices of games like on steam.

  • BananaBreadBoy

    Oof, Reality Labs is definitely gonna be hit by this. Unfortunate.

  • Ookami

    It’s kind of insane watching Meta crumble in just a year. They used to be the sixth most valuable company in the world, but are now worth less than Home Depot. And Mark Zuckerburg seems to have no intention on putting the brakes on the exorbitant amount of money they’re spending on the Metaverse.
    And with every showing of Horizon, I really wonder what’s going on in there. A team of 12 dedicated and passionate developers could outdo them.

    Perhaps we are witnessing an end to an era.

    • Arno van Wingerde

      Well they may have had the sixth highest value on the stock exchange… thier value is something quite different, you might say almost unrelated!
      Bitcoins are essentially worthless, yet, even after losing 3/4 of their “value” people still pretend they are worth $800.000.000.000 .

    • shadow9d9

      Crumble? AHAHAHA! Delusional! They still have more than 3x the amount of vr workers than Apple. Stock price means nothing. Intel cut jobs. Amazon cut jobs. it is the whole sector.

      • Ookami

        Strange that you bring up Apple, since no else was talking about it. But since you made the comparison: Apple’s VR division is only a small part of the company, while Meta is betting literally everything on the Metaverse. Apple incidentally also has twice the employees as Meta as a whole. If Meta’s bet on the Metaverse fails then the whole company will fail with it. If Apple’s VR venture fails, they my lose a lot of money but will still be the juggernaut they are because Apple’s main business is still mobile devices.
        Meta is betting everything. Apple isn’t.

        So will Meta’s bet pay off?
        I don’t think so. With the gaff that is Meta Horizons, which has so many people working on it yet could be easily outdone by a couple dozen highly passionate developers. The whole leg thing is the perfect example of this: first it was “impossible” with current tech to give characters legs, then it was in development, and finally we had the reveal–which turned out to be completely faked, meaning Meta is still fumbling over a simple thing like legs. Compare that to any other VR game: VRChat, any number of single-player games with full body IK. Blade and Sorcery was made by ONE developer and he had no problem implementing legs.
        Yeah, I don’t think Meta’s bet is going to pay off.

        You might be right that stock price means nothing, but the reason behind the falling stock price is far from meaningless: Meta’s revenue has dropped–a lot. Despite that, their spending has only increased–and Zuckerberg plans to continue increasing it.

        Maybe saying that Meta is crumbling is a bit premature, but idk I kinda feel it’s fitting.

  • Cragheart

    I hope Meta understands, that Metaverse is a far away vision, which requires the specs of at least very high-end desktop PCs, not some mobile headsets and changes their whole mistaken strategy. PC VR is what makes sense and needs serious development. Mobile VR is a joke. Quest Pro won’t be sufficient for the Metaverse to be realized, even at $200.

  • Ordinary_Failure

    Sincerely, I have read this several times, and I find it to be great!