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Magic Leap CEO Rony Abovitz is stepping down as CEO, says the company has raised “significant” funding and pivoted to spatial computing for enterprise

Magic Leap CEO Rony Abovitz confirmed he has raised a new round of funding, and he also said that he will step down as the augmented reality company's top executive.

VentureBeat Dean Takahashi

Discussion

  • @dhh @dhh on x
    “As nearly everyone has finally realized, our actual technology is nothing at all like what we promised, lied about for years, and sold gullible deep-pocketed investors on. Our con is falling apart at the seams”, savage translation 🎯 https://daringfireball.net/...
  • @mikewehner Myke on x
    I can't imagine why. https://twitter.com/...
  • @kerrymflynn @kerrymflynn on x
    Wait ... catching up here ... I thought Magic Leap was supposed to be like the future of LucasFilm and let me put elephants in my hand. And now it's an enterprise company?! https://twitter.com/...
  • @counternotions Kontra on x
    ElOhEl, Magic Leap: “we have pivoted to focus on delivering a spatial computing platform for enterprise...now is the time to bring in a new CEO” https://venturebeat.com/...
  • @mcwm Mike Murphy on x
    i mean if u need a CEO to raise u $3 billion and put out exactly one (1) underwhelming thing in nearly a decade, he's on the market ? https://twitter.com/...
  • @patrickmoorhead Patrick Moorhead on x
    Unfortunate but necessary. Other than not delivering on the futuristic technology, the communications strategy execution was possibly the worst I've ever seen. https://twitter.com/...
  • @trace_cohen Trace Cohen on x
    He took a $3B “leap” of faith... Really too bad that it didn't work out. https://twitter.com/...