Metaverse Cuts Signal Wearables Pivot

When a major platform closes multiple acquired VR content studios and shifts Reality Labs investment into AI‑powered smart glasses, it marks an industry pivot from immersive content ecosystems to wearable assistant hardware. That transition moves cultural production from studio ecosystems into hardware/platform ownership and compresses the economic model around device‑anchored AI services rather than episodic VR titles. — The pivot alters jobs (studio layoffs), market structure (platform control of hardware + assistant UI), and policy questions (privacy, antitrust, labor), making it essential for regulators, local governments and cultural institutions to adapt quickly.