Meta Makes MASSIVE Mistake | Let’s Talk About Consumer Pricing (VL695)

Meta (formerly Facebook) and its Meta (formerly Oculus) Quest VR headset line, are brilliant pieces of engineering and the best entry point for VR super fans and first-timers alike -- themselves helping to fuel the Meta App Store to over $1B in sales.

So why then did Meta just increase the price of that entry point by more than 25%?

I have some...editorial thoughts on that as well as on the direction Sony is heading with its PSVR2 product launch.

The Laws of Man may be mutable, but the Laws of Economics are not...in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/-lpJHmH3i5M

#meta #facebook #quest2

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Discussed in this episode:

ARTICLES AND BLOGS
https://blog.playstation.com/2022/07/26/early-look-at-the-user-experience-for-playstation-vr2/
https://www.oculus.com/blog/meta-quest-2-pricing-changes/
https://www.cnbc.com/2022/07/25/walmart-cuts-second-quarter-guidance-as-it-sees-slower-growth-due-to-inflation.html

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"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:
https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

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Twitter: @hoeglaw
Web: hoeglaw.com