I think it should be obvious we are discussing Mark Zuckerberg's Metaverse, not the vision of Steven Spielberg etc.
Anyhoo, email I received today:
Meta Horizon Worlds on Meta Quest is being discontinued
Starting June 15, 2026, you will no longer be able to build, publish or update VR worlds. In addition, you will no longer be able to access Meta Horizon Worlds on Meta Quest headsets. After this date, you can continue to enjoy worlds on the Meta Horizon mobile app.
This change is part of our focus on mobile development, bringing new experiences to even more people. Your Meta Quest headset and other VR apps are unaffected by this change.
Weβre grateful for your creativity and participation in Meta Horizon Worlds on Meta Quest.
... so yes, it's "a bit early" to say the Metaverse has failed. Let's say it on June 15th π.