Meta is closing down three VR studios as part of its metaverse cuts(www.theverge.com)
14 pointsby jsheard25 days ago3 comments
  • jsheard25 days ago
    Almost four studios really, another is being reduced to a skeleton crew just to keep their existing infrastructure on life support.
  • javier12345432125 days ago
    I mean say what you will about Zuck, the ability to pivot at a strategic moment after being so public about a previous decision shows commitment and vision. I'd venture to say most companies anywhere near the scale of meta would not be able to put this off.
    • operatingthetan25 days ago
      He's pivoting, but he's not going out publicly admitting he was wrong, exactly.
    • etempleton20 days ago
      I can’t tell if this is sarcasm. Zuck has missed on every idea since Facebook. Every attempt to diversify Facebook, beyond acquiring other companies and adding them to their ad network has been a complete failure. To name a few:

      1. Home Automation

      2. Meta (they renamed the company and acquired Oculus)

      3. Facebook Phone