16% of Rec Room's staff have been hit with layoffs, and the studio outlined how it plans to become more self-sufficient. Initially launched in 2016, Rec Room is a social platform widely available ...

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 ...

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 ...

"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 ...

The platform reached more than 150m players globally but failed to generate enough revenue to cover operating costs. Players will lose access to the game and all online services once servers go ...

The founders of Rec Room say they reduced headcount by half. A blog post titled "A hard day at Rec Room" by Cameron Brown, signed at the bottom also by co-founder Nick Fajt, explains the new focus of ...

Social VR platform Rec Room announced it’s released a new creation suite that allows you to publish content directly to the Rec Room platform from inside Unity, essentially letting its users create ...