Comment on Magic Leap Founder Rony Abovitz Resigns as CEO of Struggling AR Company

Magic Leap Founder Rony Abovitz Resigns as CEO of Struggling AR Company

Rony Abovitz is stepping down as CEO of Magic Leap, nine years after he founded the augmented-reality company — which has raised around $3 billion but has found little commercial success. His exit comes after Magic Leap decided to shift its focus to AR applications for businesses, sidelining plans for consumer-oriented hardware.

 

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