Rec Room, the Seattle-based social gaming company once valued at $3.5 billion, is shutting down its platform on June 1, leaving the future of the company and its employees unclear. The company made ...

“Despite this popularity, we never quite figured out how to make Rec Room a sustainably profitable business,” the company said in a statement. “Our costs always ended up overwhelming the revenue we ...

If you’ve spent any time in virtual hangout spaces over the last decade, chances are you’ve heard of Rec Room.

Social VR platform Rec Room announced it’s laying off around half of its staff, citing low-level content which has flooded the platform from users on mobile and console. Founded in 2016, the studio ...

Rec Room, once hailed as a promising giant in the social gaming world, announced Monday it would be shutting down its platform on June 1. If you’re a fan of the platform or have ever spent time ...