“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 ...
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 ...
The social gaming platform started in VR, and has seen growth on mobile, consoles and more during the pandemic. Now it's valued at $3.5 billion. Ian Sherr Contributor and Former Editor at Large / News ...
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Rec Room shutting down: Once valued at $3.5B, social gaming platform finds profits elusive
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 ...
GeekWire chronicles the Pacific Northwest startup scene. Sign up for our weekly startup newsletter, and check out the GeekWire funding tracker and VC directory. by Thomas Wilde on Mar 3, 2025 at 7:53 ...
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