What's all this about High Fidelity pivoting?

[Qie Niangao]

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?

 

[Free]

Philip Rosedale Announces Major Changes to the High Fidelity Platform: “This model is not working right now”

Not sure I would call it a "micro"-pivot.

 

[Khamon]

“Pivot” is appropriately polite terminology for it.

 

[Qie Niangao]

Philip Rosedale Announces Major Changes to the High Fidelity Platform: “This model is not working right now”

Not sure I would call it a "micro"-pivot.

Thanks for the link, and sorry for the thread. I don't know how to work these new-fangled forum things. Apparently.

 

[Bartholomew Gallacher]

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.