Meta gives up on Portal and smartwatch

The company's smartwatches project is dead.

At an internal meeting at Meta, the company's chief technology officer told employees that the company is stopping the development of Portal.

The first version of Portal was a smart display device that could be used to make video calls to Facebook. As a consumer device, it was dead as early as June 2022. That dream is also dead.

It felt like the wrong way to invest time and money because it would take so long.

Meta never captured a significant percentage of the global market for smart displays and portal never accounted for a large portion of its revenue. While supplies last, Meta Portal TV, 10'', and Go will be available until the end of the year, or while supplies last.

The smartwatch was supposed to have built-in cameras, along with other features such as notifications, activity tracking, and music playing.

The company unit that worked on the smartwatch will build augmented reality glasses.

Shortly after Meta laid off 11,000 people, the news came. The combination of poor decisions, macroeconomic downturn, and increased competition resulted in lower-than- expected revenue according to a note announcing the layoffs. He said the company would shift its resources to a smaller number of high priority growth areas, which included his vision for a virtual reality platform called the metaverse.