Industry Newsvirtual realitywearablesreality labs
Meta CTO Admits Metaverse Harmed Quest
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9.2
Andrew Bosworth, Meta’s CTO and head of Reality Labs, said at Davos last week that the company's metaverse push diverted resources from Quest headsets, degrading user experience and raising costs. He cited more than $4 billion in quarterly expenses since late 2021 and roughly $64 billion in Reality Labs losses since 2017; Meta is shifting focus to wearables, third-party VR content, and Horizon Worlds on mobile.
Scoring Rationale
Official admission and major strategic pivot across Meta’s VR unit; strength in financial detail, limited technical innovation.
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