Meta clarified that its $80 billion loss is primarily attributed to accumulated losses from its Reality Labs division, which encompasses not only the metaverse but also Quest VR headsets and Ray-Ban AI glasses. Reality Labs continues to operate, with projected single-year losses exceeding $19 billion in 2025.

Meta announced it is withdrawing its decision to shut down the Horizon Worlds VR platform and will continue to keep the app on Quest headsets. Based on user feedback, existing VR games will continue to operate, but no new content will be added. With Meta's metaverse business facing losses, the company's future development focus will shift toward artificial intelligence and mobile experiences.

Metaverse land prices plummeted 99.8%, with plots once valued at $24 million now worth only $9,000, reflecting market revaluation. NFT market trading volume declined significantly, though sales volume increased, shifting toward cheaper assets. High-end valuations were further eroded, indicating the market is moving toward utility-based assets.

Gate News reported that on March 17, VanEck, an asset management institution, posted on the X platform stating that the first truly practical use case for the metaverse may be remote team building for AI agents.

Recently, the financial reports of major American technology companies have been solid, and trading of tech-related stock tokens is active. Gate platform data shows that Meta stock token METAX rose to $717.95, an intraday increase of 6.43%; Tesla token TSLAX increased by approximately 2.08%. Gate is fully expanding into traditional financial trading, supporting various types of contract trading.