Meta metaverse ambitions hit a wall? VR platform Horizon will leave

photo by cnn

Meta Platforms, the parent company of social media giant Facebook, is spending tens of billions of dollars to develop the metaverse. However, Meta CEO Mark Zuckerberg recently released a selfie of a metaverse virtual avatar, and the quality of the picture is outdated, which was ridiculed by netizens. To make matters worse, news came out that the Horizon department of Meta’s VR platform had a major personnel earthquake, and a general left, and the timing was sensitive, which attracted the attention of the outside world.

CNBC and Reuters reported that a Meta spokesperson confirmed on August 26 that Vivek Sharma, the vice president of the Horizon department, is leaving, and the future Horizon team will report directly to Vishal Shah, the vice president of the Meta Metaverse Department.

Sharma has been with Meta for 5 years and 11 months. In August 2021, he was promoted to the Vice President of Horizon Division, responsible for managing Meta’s VR projects, including the Metaverse social platform Horizon Worlds, the VR-based remote collaboration application Horizon Workrooms, and Horizon Venues hosting live events in a VR environment.

Zuckerberg recently revealed that Meta plans to launch a new VR headset this October.

In 2020, Meta launched the second-generation VR headset “Meta Quest 2”, currently priced at $399.99 for the 128GB version and $499.99 for the 256GB version.

The metaverse refers to a virtual space parallel to the real world, such as the virtual game world “OASIS” (OASIS) described in the movie “Ready Player One”. In October 2021, Facebook announced that it would rename the company to “Meta Platforms” to demonstrate its determination to shift its focus to the Metaverse.

As of August 26, 2022, Meta’s stock price has fallen by 51.90%.

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