Due to the worsening impacts of the global economic downturn, Meta has been forced to cut development of its Portal smart display device entirely, as it looks to rationalize its projects.
The Meta Portal video calling device was launched in 2018 and has seen some success in some areas, particularly during the outbreak, when Meta marketed the devices as a way to stay connected with loved ones.
Meta is now devoting its resources to other projects that are more in tune with its long-term objectives.
Meta announced back in June that it would stop producing Portal as a consumer device, but that Portal would continue to be developed as a business connection tool. The update, therefore, comes as no surprise.
Meta seized the value of portal devices as a connective tool for those working from home, by integrating more ways to utilize portal as a professional accompaniment, including integration with zoom, and the capacity to broadcast on how home television.
Portal, a Meta subsidiary that was working on a smartwatch, has been canceled alongside other Meta projects, apparently because the company wishes to lower its costs.
Meta reportedly eliminated 11,000 positions last week because of slower-than-expected eCommerce expansion and data privacy approach alterations, particularly.
It’s not a big deal in the broader scheme of things, since Portal wasn’t an integral part of Meta’s user experience. It demonstrates how challenging it will be for Zuckerberg and his team as they continue to invest heavily in their metaverse vision.
Mark Zuckerberg’s vision of the future of online connection and interaction seems like an unlikely bet, but down the road, things will certainly be different.