Big Tech Shuts Down VR Division | Concord News

Big tech giant shuts down its VR headset division after pouring over $2 billion into the project — a bold bet on the metaverse that never took off with the public. While some lament the loss of immersive tech’s potential, others see it as a savvy pivot. The shutdown hits by end of next quarter, with affected employees getting internal reassignments. A sobering reminder: even giants can misread consumer demand. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/cf65402f1c3869d6