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Start-up’s valuation crashed amid poor headset sales but it has gained a competitive edge selling IP around high-tech optics
Social media giant seeks technologies to help create an avatar-filled ‘metaverse’
A focus on hiring more people from minorities isn’t enough — companies must also persuade them to stay
Exit of Rony Abovitz comes as highly valued company’s consumer ambitions have been stymied
US augmented-reality start-up raised $2.3bn but struggled to gain traction with product
Saudi wealth fund snaps up stakes in troubled assets
SV VCs dim view of SoftBank, BBC fights for its future, Rotofarm indoor garden
Augmented-reality group has also been in talks about raising up to $500m since late last year
Google and Alibaba-backed augmented reality start-up launched first headset last year
Market forecasts require the same sort of imagination as creating virtual worlds
‘We’ve been waiting a long time for VR to enter everyday life’
Founder says start-up is preparing for long-term fight with likes of Apple and Microsoft
Developer of ‘mixed reality’ headsets has now raised a total of $2.3bn
Deal with PIF would take augmented reality start-up’s total fundraising to $2.3bn
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