Loading...
Meta's Metaverse Project: The $80 Billion Initiative Now Discontinued
LIVE TV
LOCAL
Tour
ENGLISH
For You
Entertainment
National
Sports
Markets
Business & Economy
Lifestyle
World
Astrology & Religion
Technology
Education & Jobs
Auto
Politics
Viral
Opinions
Loading more articles...
Home
Local
Live TV
Meta's $80 Billion Metaverse Dream Crumbles: Horizon Worlds Shut Down
N
News18
•
19-03-2026, 14:06
Meta's $80 Billion Metaverse Dream Crumbles: Horizon Worlds Shut Down
•
Meta is shutting down its metaverse project, Horizon Worlds, after an $80 billion investment since 2020.
•
Mark Zuckerberg had rebranded Facebook to Meta in 2021, calling the metaverse "the next frontier."
•
The project failed to attract a large user base, making it unsustainable for long-term operations.
•
Reality Labs, Meta's VR and metaverse division, incurred an $80 billion loss and laid off 10% of its employees.
•
Meta's focus has now shifted entirely to generative AI and large language models, especially after ChatGPT's launch.
Read Full Article on News18 in English
✦
More like this
✦
More like this
Meta Axes Horizon Worlds VR, Shifts to Mobile Amid Metaverse Rethink
S
Storyboard
Meta to Shut Down Horizon Worlds VR, Shifts Focus to Mobile Experience
C
CNBC TV18
Meta shuts down Metaverse: Ex-employee blames 'out of touch' management for $80B loss
M
Moneycontrol
Meta unveils 4 new in-house AI chips to power data centers, boost efficiency
F
Firstpost
Meta Delays 'Avocado' AI Model Launch to May or Later Due to Performance Gaps
F
Firstpost
Meta Tests New Retail Media Tools to Boost Omnichannel Commerce
S
Storyboard