Social gaming platform Rec Room will shut down on June 1st after failing to achieve long-term financial sustainability, despite reaching 150 million users and a $3.5 billion valuation.
Jasmine·
Rec Room, a virtual social platform with 150 million users and a previous $3.5 billion valuation, is shutting down on June 1st due to persistent monetization failures.
Jasmine·
Epic Games is laying off 1,000 staff, citing a decline in Fortnite engagement, and has raised V-Bucks prices to help stabilize finances.
Jasmine·
GDC 2026 was dominated by AI tool pitches, yet developers struggled to show meaningful in-game integration. AI-generated asset controversy at 'Crimson Desert' underscores the conflict between development efficiency and quality.
Jason·
Generative AI is sparking backlash across creative industries, including gaming and publishing, due to concerns over authenticity and the spread of harmful content, forcing a debate on disclosure and legal accountability.
Kenji·
Creative industries are confronting an ethical crisis over AI-generated content, as controversies in gaming, publishing, and social media spur calls for transparency and better moderation.
Kenji·
New York State is suing Valve, alleging its 'loot box' system constitutes illegal gambling. The state argues that virtual items hold cashable market value, a move that could fundamentally alter gaming industry monetization.
Mark·
Microsoft Gaming CEO Phil Spencer and Xbox President Sarah Bond are stepping down in a massive shakeup. CoreAI lead Asha Sharma will take over, signaling an AI-first future for the Xbox ecosystem.
Kenji·