>>275989694
Facebook is continuing to invest in R&D, but other big companies also are doing R&D, they just don't talk about it a lot. Especially because the base technologies that enable VR overlap with AR, big companies are absolutely still investing heavily, and really, that's what matters the most. I don't think VC investment matters that much. A lot of that money went into absolute dead ends and embarrassing failures/scams, which I have seen happen more often than not.