Valve has the best immersive PC gaming platform in the world...
Facebook cannot do VR based on games. It wouldn't bring in enough money to sustain it. They're going after a much bigger market.
The entire global PC gaming market was worth $42b in 2019. It's up a bit since then, but not by much[1]. That's equivalent to about 5 months of Facebook's revenue[2]. In other words, in terms of revenue, Facebook is double the size of the entire PC gaming market.
It doesn't really matter how good or how big Valve are. They're a big fish in a small pond compared to Facebook.
Facebook cannot do VR based on games. It wouldn't bring in enough money to sustain it. They're going after a much bigger market.
The entire global PC gaming market was worth $42b in 2019. It's up a bit since then, but not by much[1]. That's equivalent to about 5 months of Facebook's revenue[2]. In other words, in terms of revenue, Facebook is double the size of the entire PC gaming market.
It doesn't really matter how good or how big Valve are. They're a big fish in a small pond compared to Facebook.
[1] https://www.statista.com/statistics/292516/pc-online-game-ma...
[2] https://www.nytimes.com/2021/10/25/technology/facebook-profi...