INSUBCONTINENT EXCLUSIVE:
From my perspective, the company looks like it is on a path to a fire sale and will be dependent on executing a dramatic turnaround, which
grows tougher under current economic conditions.Magic Leap has few users, so a theoretical shutdown would likely have a lesser impact than
other unicorn flare-outs; still, losing a company on the forefront of a technology lauded by many as the next ubiquitous platform will
certainly impact others that are striving to bring this tech to market.The impact for startups moving forward would be nuanced
Without a substantial software suite of its own, Magic Leap relied heavily on developer partnerships, though in recent months many of those
seemed to promote enterprise use cases
AR/VR startups are already in a rough position, and one less developer platform could force more companies to de-prioritize headset-based
platforms and shift their focus to mobile.
