Horizon Worlds, Meta 's flagship metaverse for consumers, is failing to meet internal performance expectations, according to The Wall Street Journal, which reviewed internal company documents.
Additionally, the documents showed that most users didn't return to Horizon after the first month on the platform, and the number of users has steadily declined since spring, the Journal said.
As a result, Meta created Horizon Worlds, which is a network of virtual spaces where users can engage with one another as avatars.
Representatives for Meta didn't immediately respond to CNBC's request for comment.
Read the full Journal report here.