Overview
- Rec Room, which announced Monday it will shut down on June 1, will take the platform offline at noon Pacific time that day.
- Snap confirmed late Monday that it acquired select Rec Room assets and will hire some employees into Specs, its augmented reality hardware unit.
- New accounts, friend requests and Rec Room Plus sign‑ups are already blocked, token purchases end May 1, creator earnings stop May 18, and a final payout is scheduled for June 1.
- Creators can export room and project data for use in tools such as Unity, and players can download photos and personal data before the service goes dark.
- The company cites unsustainable unit economics and a cooling VR market, with thin margins on user‑generated sales, reflecting broader headwinds for social VR projects.