Rec Room, the Seattle-based social gaming platform once valued at $3.5 billion, is shutting down on June 1, ending a decade-long run for one of the city's most prominent startup unicorns.

“Despite this popularity, we never quite figured out how to make Rec Room a sustainably profitable business,” the company said in a statement. “Our costs always ended up overwhelming the revenue we ...

Snap has acquired select assets from Rec Room Inc., with some employees joining the Spectacles hardware subsidiary, as the Seattle-based social gaming company shuts down its platform on June 1.

If you’ve spent any time in virtual hangout spaces over the last decade, chances are you’ve heard of Rec Room. The social gaming platform became a staple for millions of players who used it to hang ...

Rec Room, the multiplayer VR video game that enjoyed niche popularity with millions of loyal players worldwide, is shutting down. The Seattle-based eponymous developer behind the game announced Monday ...

Forbes contributors publish independent expert analyses and insights. Tim Casey is a reporter who covers basketball and sports business. Rec, a technology company serving the parks and recreation ...

Jaume Balagueró and Paco Plaza’s [REC] is one of the scariest movies of all time. As a precursor to the more frenzied, action-oriented found footage horrors that would define the 2010s, [REC] ...

The despair among Rec Room players is real. Users of the popular social gaming platform expressed their disbelief and sadness over the demise of the Seattle-based company, which announced Monday that ...