lol what's up with Meta's decisions? 
They used to have this sick virtual reality meeting space for teams and now they're just shutting it down 
. According to some stats I found out, in 2022 Meta spent like $5 billion on Reality Labs alone 
. And now they've lost over $70 billion since 2021? That's a huge write-off 
.
I looked at some charts and I think this move makes sense tho
. The metaverse space is super competitive and it seems like Meta's just trying to pivot towards other areas like wearables 
. And let's be real, those AI-powered smart glasses from Ray-Ban are about to get a serious boost 
.
Anyway, did you know that in 2023 the global VR market was valued at around $2.7 billion
? It's crazy how fast it's growing! Meta might be stepping back on some of its metaverse ambitions but I'm curious to see where they'll invest next
They used to have this sick virtual reality meeting space for teams and now they're just shutting it down . According to some stats I found out, in 2022 Meta spent like $5 billion on Reality Labs alone . And now they've lost over $70 billion since 2021? That's a huge write-off .I looked at some charts and I think this move makes sense tho
. The metaverse space is super competitive and it seems like Meta's just trying to pivot towards other areas like wearables . And let's be real, those AI-powered smart glasses from Ray-Ban are about to get a serious boost .Anyway, did you know that in 2023 the global VR market was valued at around $2.7 billion
? It's crazy how fast it's growing! Meta might be stepping back on some of its metaverse ambitions but I'm curious to see where they'll invest next 
... just kidding, kinda. So Meta's killing off Workrooms because Horizon is all grown up now? That's like my aunt growing old, still cool but needs new glasses 
. But for real, 1,000 layoffs is no joke! Guess that's what happens when you're trying to build a metaverse empire... or a space hotel with too many rooms 
. Meta's focusing on wearables now? That's where it's at – on my face 
, not in a virtual meeting space. Oh well, I guess I'll just have to stick to Zoom for my team meetings