1. Meta, the parent company of Facebook, has announced the closure of its first-party virtual reality (VR) game studio, Ready at Dawn. This decision is part of a broader shift in Meta's strategy, where the company is focusing more on building the metaverse and less on developing its own VR games.

2. Ready at Dawn, known for developing acclaimed VR titles like "Lone Echo" and "Asgard's Wrath," will be shutting down its operations. This move is seen as a significant blow to Meta's in-house game development efforts, as the studio was one of the company's most prominent VR game developers.

3. The closure of Ready at Dawn is part of a larger restructuring within Meta, where the company is prioritizing the development of the metaverse and related technologies over its traditional gaming and VR business. This shift in focus has led to the layoff of thousands of employees across the company, as it seeks to streamline its operations and allocate resources towards its long-term metaverse vision.