If you've spent any time in virtual hangout spaces over the last decade, chances are you've heard of Rec Room. The social gaming platform became a staple for millions of players who used it to hang ...

Forbes contributors publish independent expert analyses and insights. Tim Casey is a reporter who covers basketball and sports business. Rec, a technology company serving the parks and recreation ...

Popular virtual reality social platform and Roblox competitor, Rec Room, is shutting down on its 10th anniversary due to high costs and revenue issues, the company said. Rec Room is a VR hub where ...

“Despite this popularity, we never quite figured out how to make Rec Room a sustainably profitable business,” the company said in a statement. “Our costs always ended up overwhelming the revenue we ...

Rec Room, the Seattle-based social gaming company once valued at $3.5 billion, is shutting down its platform on June 1, leaving the future of the company and its employees unclear. The company made ...

One of the biggest apps in virtual reality just got a boost in its bid to become one of the biggest players in the next big tech trend, the metaverse. CEO Nick Fajt, who co-founded Rec Room in 2016, ...

Rec Room is a VR hub where gamers from across the world can play with one another or with their friends, hang out, explore millions of player-created rooms and customize their avatars. The platform ...