You’ve probably seen the headlines. Zuckerberg is finally pulling back from the Metaverse.
After nearly $70 billion poured into Reality Labs, thousands of layoffs, and entire VR products getting shut down, the “new internet” suddenly looks more like a very expensive experiment. Horizon Workrooms is gone. Horizon Worlds is being scaled back.
Reported active users never came close to Meta’s targets. Reality Labs lost over $17 billion in a single year while bringing in a fraction of that in revenue.
Investors watched the stock crater while Zuckerberg, holding majority voting power, kept doubling down. The bigger issue was not just the money. It was adoption. VR headset shipments declined even as Meta owned most of the market. They were dominating a tiny, shrinking island.
Meanwhile, platforms like Fortnite, Roblox, and VRChat quietly built social worlds people actually used. Now Meta is pivoting. Less bulky headsets, more AI wearables. Ray Ban smart glasses with built in cameras and assistants. Over a million sold, with bigger targets ahead. It is a far better form factor, but it is still the same ambition. Own the next platform.
So has Zuckerberg learned from the Metaverse collapse, or is this just the same obsession with a new coat of paint?



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