Meta closes its metaverse after losing more than 80,000 million

When the VR glasses were launched Goalwere a revolution for the world of virtual realityso much so that the CEO of Goal, Mark Zuckerbergwanted to create his own metaverse. A “universe” that never seems to have caught on with the public and that was later also converted into a mobile application. This had a clear purpose that we know now, Meta will close its Horizon Worlds metaverse permanently starting June 15to remain solely as this app for smartphones.

Meta closes Horizon Worlds after years without success

A failed bet Mark Zuckerberg where I would have spent more than 80 billion dollars for the development and maintenance of this now failed universe. A demonstration of how a big budget doesn’t have to end in a big project. A project in which they were so involved that they even changed the name of their company. Facebook to Metareferring to this ambitious metaverse.

Key dates: end of the metaverse in VR and transition to mobile

Horizon Worldsthe social network in VR that allowed you to interact with other users from your glasses Goal Questwill no longer be available in the store next March 31and it will be completely erased from the glasses. Goal he June 15. You will be able to continue using this social network, if you did, from your mobile phone with the app available for iOS and Android.

Millionaire losses at Reality Labs and change towards AI

Besides, Reality Labsthe division of the company in charge of VR (Meta Quest, software, Ray-Ban Meta glasses, etc.), accumulates losses of more than 80 billion dollars from 2020. Even in the last quarter the company has lost a 21% more year over year and they have only managed to cover with their income a 16% of expenses. Even studios dedicated to this sector would have closed their doors after several cuts within the division of Goal.

It seems that Goal has redirected its strategy towards a new path, one on which it is currently focusing all its efforts: Artificial Intelligence (AI). The company plans to invest more than $60 billion in AI infrastructure by 2026a movement that could offer better results and lower risk than his failed bet on the metaverse.