When I worked on Horizon Worlds at Meta, we used to look at Rec Room and VR Chat as competition. Rec Room plans to shut down as it couldn’t find a profitable business model.
It was once valued at $3.5B and served 150M users in total.
It’s the end of an era.
https://www.geekwire.com/2026/rec-room-shutting-down-seattles-3-5b-social-gaming-platform-says-it-cant-make-the-business-work/
Rec Room shutting down: Once valued at $3.5B, social gaming platform finds profits elusive
Rec Room, the Seattle-based social gaming platform once valued at $3.5 billion, is shutting down on June 1, ending a decade-long run for one of the city's most prominent startup unicorns.
ai 🌈 🌺
Dare Obasanjo