[Update] Meta Founder Confirms Insolvency & Asset Sale to Unnamed Buyer
Meta, the company behind the Meta 2 tethered AR headset, has suffered its fair share of growing pains since its founding in 2012, although a lack of outside investment and a recent patent infringement lawsuit seem to have proven fatal. Now, Meta founder Meron Gribetz confirms he’s stepped down as owner of the company after its assets were auctioned off to a new, unnamed buyer, presumably stripping the company down to its bare assets.