Meta Shuts Down Amidst Patent Infringement Lawsuit & Asset Liquidation

This article was originally published by RoadToVR

Meta, the company behind the Meta 2 tethered AR headset, has shut down amidst a patent infringement lawsuit filed in summer of last year, and a recent asset liquidation that has left the company insolvent.

Back in September, Meta lost out on a fresh round of funding lead by a Chinese investor which forced the company to furlough around 2/3 of their staff, leaving Meta’s existence in doubt as they no doubt looked for additional investment.

Making matters worse, the suspension of operations came shortly before Meta faced a patent infringement lawsuit from Genedics, LLC, which claims Meta infringed on “user interface

...

Read the full article on RoadToVR here

Have your say!

1 0

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Lost Password

Please enter your username or email address. You will receive a link to create a new password via email.