Meta remains optimistic about VR and is investing heavily in content: Meta’s CTO, Andrew Bosworth, acknowledged the cuts to its Reality Labs division as a cause for sadness. Bosworth emphasised that Meta’s commitment to VR and wearables are not mutually exclusive.

Meta's CTO, Andrew Bosworth, acknowledges the recent cuts to Reality Labs as a 'real cause for sadness,' but maintains the company's optimism on VR. Despite the over $70 billion in losses since 2020, Bosworth insists that Meta remains 'extremely bullish on VR' and continues to invest more in content than any competitor. He clarifies that the cuts are due to the slower-than-expected growth of the VR ecosystem, not a lack of belief in its potential.