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