150 million users later, Roblox competitor Rec Room is shutting down

Rec Room, a Roblox-like societal gaming level that lets users make games and experiences for others to play, is shutting down connected June 1st. Despite reaching much than 150 cardinal players and creators and, astatine 1 point, being valued at $3.5 billion, the institution says in a blog post that "we ne'er rather figured retired however to marque Rec Room a sustainably profitable business" and that "our costs ever ended up overwhelming the gross we brought in."

The institution besides notes that "with the caller displacement successful the VR market, on with broader headwinds successful gaming, the way to profitability has gotten pugnacious capable that we've made the hard determination t …

Read the afloat communicative astatine The Verge.