Rec Room Announces Shutdown Amid Profitability Struggles
Rec Room, once valued at $3.5 billion and boasting over 150 million users, will cease operations on June 1, 2026, due to ongoing profitability issues.
Meta Found Liable for Creating Addictive Platforms
Meta has been ordered to pay $375 million for misleading consumers about the safety of its platforms, following a lawsuit from New Mexico's attorney general.
Metaverse: Meta’s Plans Shift as Horizon Worlds Faces Shutdown
Meta has announced that Horizon Worlds will no longer be available in VR after June 15, 2026, as it pivots its metaverse strategy.