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Meta has discontinued its metaverse for work, too
(www.theverge.com)
This is a most excellent place for technology news and articles.
My guess is they collected enough unique data from people using the headsets that its a wash.
No, from what I'm reading they just pump money into it senselessly. VR/AR devices are $1B a year market and they pumped like $18B into it in a year. They just don't care because they make so much money they can burn it.