Meta Burned $80 Billion on VR and Just Quit to Make a Phone App
The most expensive pivot in tech history just happened and Zuckerberg is acting like this was the plan all along
$80 billion in losses. 1,500 jobs axed. Three VR studios shut down. And now? They’re making a Roblox clone for your phone.
Meta just officially separated Horizon Worlds from its Quest VR platform — and announced the metaverse is going “almost exclusively mobile.” After years of strapping headsets on people who didn’t want them, Zuck’s betting the whole thing on the rectangle already in your pocket.
