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this post was submitted on 24 Nov 2023
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Crux is that Facebook/Meta has now been almost a decade in the VR space and they still have no idea what to do with it. They are just stumbling in the dark wasting tens of billions of dollar with little to show for. They sure have the money and will to build the next big thing, but only a very vague idea of what that thing might even be to begin with. It doesn't help that they basically fired everybody of the original Oculus crew that got the VR space up and running again in the first place. Even their Metaverse that they spend so much effort hyping up is a complete nothingburger, it's not just that nobody cares, it's that they haven't even managed to build anything worth calling that, they are still playing catch up with features from PlayStationHome 15 years ago (or Habitat from over 37 years ago).
And the most successful company with VR, Valve, pretty much had its day with it and have moved on to other, profitable ventures. It's too expensive to own, even moreso to develop for, and offers nothing fascinating in terms of experience that other multimedia does.