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Meta Reportedly Unhappy With How Much Money Its VR Division Burns And Cuts Funding
Meta reportedly told its VR/AR teams to cut spending by a fifth, but the team is still expected to pump out Quest Headsets and AR glasses.
Meta is reportedly sticking to its plans to release more VR headsets and AR glasses in just a few short years, but things are getting a little tense for those developing the next big metaverse thingamajigs. We’ve enjoyed our time with Meta’s most-recent headset, and it’s gotten better since adding better Xbox and Steam integration, alongside improvement for the UI and hand tracking. Now, the VR race isn’t just between Meta and Apple, but now includes each company’s willingness to keep throwing money at the waning metaverse market.
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