Goodbye Metaverse, TikTok and Tubi bring on creators to develop original TV series

Meta’s week: Goodbye Metaverse, hello Facebook influencers Metaverse — Meta’s virtual reality (VR) social network — will be shuttering on June 15, the  social media giant announced on Wednesday. Part of Meta’s Horizon Worlds app, the Metaverse was initially designed for Quest VR headsets and was created with a  company investment of roughly $77 million. Weeks before transitioning Horizon from a VR platform to a mobile app, Meta fired 1,000 employees from the department responsible for Metaverse, Reality Labs. In other news, Meta-owned Facebook  launched a Creator Fast Track  program on Wednesday for creators who’ve grown audiences on other platforms to start posting on Facebook. Participating creators with at least 100,000 followers on Instagram, TikTok or YouTube can earn $1,000 monthly from the program; while creators with over 1 million followers on those platforms can earn $3,000 monthly. Facebook’s payment of content creators  rose 35% to $3 billion  in 2025. TikTok and Tubi put social media creators in the director’s chair TikTok and Tubi  announced the Creatorverse Incubator, a program helping content creators fund original shows, on Thursday. TikTok will choose online creators to lead creative direction for original TV series “across a variety of genres in both scripted and
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