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Big Tech Shuts Down VR Division | Concord News
Published 2 weeks, 4 days ago
Description
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.
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