Get the latest tech news

Meta closes Ready at Dawn, the studio behind Echo VR

So long, Ready at Dawn.

A Meta spokesperson told Android Central that the cuts weren’t being made to “save money,” per se. Rather, these cuts are being made to ensure that Reality Labs stays within the new budgetary constraints and that Oculus Studios can make a “better long-term impact” in VR development. In its most recent earnings, Meta said that its Reality Labs division, which its VR efforts fall under, lost nearly $4.5 billion.

Get the Android app