It doesn't mean VR is failing. It's because the entire global economy is in a massive downturn hurting profits of all companies and Meta decided they should not subsidize the headset cost anymore.
People keep saying this but i really don't see it: we have only one quarter of reduced GDP growth, unemployment is near record lows, corporate profits are strong or merely stung by supply chain issues.
Where is this giant recession?
Equity prices are not representative of economic performance, and needed to be corrected anyway...
Where is this giant recession?
Equity prices are not representative of economic performance, and needed to be corrected anyway...