Rec Room Shuts Down: A Social VR Pioneer's End
Tech News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Rec Room, the popular social VR platform, is shutting down on June 1st, leaving a massive community of players and creators in shock. Founded in 2016, the platform reached a $3.5 billion valuation in 2021 but struggled with financial issues, leading to layoffs and a lack of profitability. The pandemic initially boosted its popularity, but a decline in the VR market and gaming slumps ultimately led to its closure.
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