What's all this about High Fidelity pivoting?

Qie Niangao

Coin-operated
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Sep 25, 2018
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2006
Earlier this month, according to Inara Pey's blog, High Fidelity did some kind of micro-pivot, shutting down all its public spaces and thus directing strategic focus on... something else.

At this point the discussion loses me in non-quant MBA-speak, so I can't tell if this is just another nail in the VR coffin or somehow a step toward growth. Does anybody understand what's really going on?
 

Khamon

Irish Harper
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Sep 23, 2018
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Alabama
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2007
“Pivot” is appropriately polite terminology for it.
 
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Bartholomew Gallacher

Well-known member
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Sep 26, 2018
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At this point the discussion loses me in non-quant MBA-speak, so I can't tell if this is just another nail in the VR coffin or somehow a step toward growth. Does anybody understand what's really going on?
In simple words: High Fidelity makes no money. Investors don't want to burn more money, so they are cutting costs. A new business model which makes money needs to be found, otherwise it's probably game over soon.
 
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