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Social gaming platform Rec Room, once valued at $3.5B, is shutting down: why this signal is getting harder to ignore

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.

Emerging The topic has initial corroboration, but the newsroom is still waiting on stronger confirmation.
Reference image for: Social gaming platform Rec Room, once valued at $3.5B, is shutting down: why this signal is getting harder to ignore
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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 creating or exploring in its virtual worlds, this news probably hits hard.

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What happened

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.

Why it matters

If you’re a fan of the platform or have ever spent time creating or exploring in its virtual worlds, this news probably hits hard. Over the years, Rec Room attracted more than 150 million players, becoming a go-to spot for social gaming, especially during the pandemic when everyone was looking for ways to connect online.

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What to watch next

Founded in 2016 by Nick Fajt and Cameron Brown, Rec Room garnered significant attention and investments, reaching a valuation of $3.5 billion in December 2021.

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