Microsoft halts development of its own metaverse
More than 100 employees who worked on this project will be laid off. The global behemoth underestimated its power and the necessary investments for implementation. Microsoft officials say that everything will happen, but it will be later. When will the global markets calm down?
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Despite significant losses, the two main rivals, Meta and Apple, continue to advance in the metaverse. They appear to be willing to pay a price to be in the lead.
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