5 points | by someperson 11 hours ago ago
2 comments
Title: School’s Out for Rec Room
> Rec Room will be closing down on June 1st 2026 at noon Pacific time.
> Despite this popularity, we never quite figured out how to make Rec Room a sustainably profitable business. Our costs always ended up overwhelming the revenue we brought in.
$294 million in funding raised by Rec Room until now.
Hopefully somebody buys the app for pennies on the dollar and keeps it running with a more sustainable financing model.
Title: School’s Out for Rec Room
> Rec Room will be closing down on June 1st 2026 at noon Pacific time.
> Despite this popularity, we never quite figured out how to make Rec Room a sustainably profitable business. Our costs always ended up overwhelming the revenue we brought in.
$294 million in funding raised by Rec Room until now.
Hopefully somebody buys the app for pennies on the dollar and keeps it running with a more sustainable financing model.