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Meta Moves Beyond Metaverse
Description
Meta is winding down Horizon Worlds on Quest headsets by June 15 and transitioning it to a mobile-only app, effectively retreating from the metaverse after $80B in losses. The company is pivoting to AI while continuing VR hardware and Ray-Ban smart glasses development. Shares have gained 86.7% since 2021 despite Reality Labs remaining unprofitable.
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