Rec Room to shut down as profitability remains elusive for social VR platform
TL;DR Summary
Rec Room, the Seattle-based social gaming platform once valued at $3.5B, is closing on June 1 after failing to reach profitability despite serving more than 150 million players. The platform will halt new accounts, subscriptions, and monetization, with creator earnings ending in May and a final payout on June 1, as staff reductions from 2025 are part of the wind-down. Snap is reportedly acquiring assets as part of the shutdown.
- Rec Room shutting down: Once valued at $3.5B, social gaming platform finds profits elusive GeekWire
- 150 million users later, Roblox competitor Rec Room is shutting down The Verge
- 10-year-old Social VR Game Rec Room Is Shutting Down IGN
- Virtual Hangout ‘Rec Room’ is Permanently Closing in June, Assets Reportedly Acquired by Snap Road to VR
- Rec Room Is Shutting Down In June UploadVR
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