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in Tech

VR market keeps shrinking even as Meta pours billions of dollars a quarter into metaverse

by Editor December 19, 2023, 9:03 pm 1.8k Views

VR market keeps shrinking even as Meta pours billions of dollars a quarter into metaverse

An attendee wears a Meta Platforms Inc. Oculus Quest 2 virtual reality (VR) headset at the Telefonica SA stand on day two of the Mobile World Congress at the Fira de Barcelona venue in Barcelona, Spain, on Tuesday, Feb. 28, 2023.

Angel Garcia | Bloomberg | Getty Images

Meta is spending billions of dollars a quarter to fulfill CEO Mark Zuckerberg’s dream of a futuristic virtual world that he calls the metaverse.

Despite the company’s commitment…

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