Similar Stories to Magic Leap Founder Rony Abovitz Resigns As Ceo Of Struggling Ar Company on Bing News

Todd Spangler, Variety
Fri, 05/29/2020 - 12:11am

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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Topics:  rony abovitz   ceo   ar   abovitz   magic leap   company   
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