Meta's Metaverse Project: The $80 Billion Initiative Now Discontinued

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Meta's $80 Billion Metaverse Dream Crumbles: Horizon Worlds Shut Down

Metaverse project is said to be shut down after guzzling over $80 billion in the span of 5 years without any substantial returns

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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.

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