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Disney, Microsoft Say Meh to the Metaverse - WSJ
source link: https://www.wsj.com/articles/the-metaverse-is-quickly-turning-into-the-meh-taverse-1a8dc3d0
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The Metaverse Is Quickly Turning Into the Meh-taverse
Disney and Microsoft both closed projects tied to the digital realm this month
Watch: What’s the Future of the Metaverse? Tech Leaders Weigh In
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Watch: What’s the Future of the Metaverse? Tech Leaders Weigh InPlay video: Watch: What’s the Future of the Metaverse? Tech Leaders Weigh In
Updated March 29, 2023 4:47 pm ET
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The metaverse, the virtual world that was the hot thing in tech less than two years ago, is facing a harsher reality.
Walt Disney Co. has shut down the division that was developing its metaverse strategies, The Wall Street Journal reported this week. Microsoft Corp. recently shut down a social virtual-reality platform it acquired in 2017. And Mark Zuckerberg, who renamed Facebook as Meta Platforms Inc. META 0.70%increase; green up pointing triangle to signal his seriousness about the metaverse, focused more on artificial intelligence on an earnings call last month.
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