Knockout City dev Velan preparing to lay off nearly 50 after an abrupt project cancellation

Velan Studios is in the "early stages" of laying off members of its 121-person staff as part of a company reorganization. On Twitter, the New York developer explained an unnamed… Read more

Roses are red, Meta is blue, Reality Labs lost $4.5 billion during Q2

What can we say about Reality Labs at this point? The embattled AR, XR, and metaverse division continues to double as a cash-hungry furnace within parent company Meta. Come from South… Read more
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