Meta originally aimed to reach 500,000 monthly active users on Horizon Worlds by the end of the year, but reports show it is currently at less than 200,000. Additionally, documentation indicates that most users haven’t returned to Horizon after their first month on the platform, with user numbers steadily declining since the spring, the WSJ said. increase.
According to the report, only 9% of the worlds have been visited by at least 50 people, and most of the worlds have not been visited at all.
The report is the company’s stocks go down, the number of users will decrease and advertisers will cut their spending. Metashare is down 62% so far this year.
meta renamed From Facebook last year to reflect the company’s ambitions beyond social media. CEO Mark Zuckerberg has a particular interest in building the Metaverse, a virtual world where users can work and play together.
As a result, Meta created Horizon Worlds. It is a network of virtual spaces where users can interact with each other as avatars. Individuals can access Horizon via Meta’s Quest virtual reality headset.
To stir up the excitement in the Metaverse, Zuckerberg unveiled his company’s newest virtual reality headset. metaquest pro, Meta’s Connect Conference Tuesday. The device costs $1,500 and includes new technology such as the advanced mobile Snapdragon computer chip.
A Meta spokesperson told The Wall Street Journal that the company continues to refine the metaverse, which was always intended to be a multi-year project. A representative for Meta did not immediately respond to CNBC’s request for comment.
Meta says it will release a web version of Horizon for mobile devices and computers this year, but a spokesperson didn’t give a release date.
Read the full journal report here.