Following news published by Tech Crunch, which Upload qualifies as 'false news', here's the post they published earlier today in response to Tech Crunch's article:
UPLOAD FOCUSES ON FUTURE OF XR EDUCATION AND MEDIA
March 16, 2018
To those in the XR Community who, unfortunately, were subjected to false news from Lucas Matney at TechCrunch today about what is actually happening in our future (and past): We were waiting on ink to dry on a few things before a formal announcement. We thank you for your patience.
Since our aim is to ensure everyone is comfortable with what’s truly going on, as of today, Upload is beginning a new phase of our lifecycle. We are getting out of the co-working business and going all-in on education and media, taking our VR training into the metaverse.
We’re restructuring our business to focus on areas which will lead us to contribute to the XR industry in the most meaningful way possible. This change, unfortunately, means saying goodbye to some of our treasured team members. To each and every one of them, we say thank you so very much. Your positive impact extended far beyond the internal team at Upload.
For some of you who may not already know, our community started by hosting a series of small meetups around XR. Since then, we have reached more than 200 million people online, hosted more than 450 events, opened two XR focused facilities in LA and SF supporting hundreds of startups, and created both a physical and online community around the XR industry.
If you haven’t already, see our last announcement regarding our new education powerhouse, Jacki Morie you can find it here. Since then, we’ve continued to grow our commitment to our leadership in this initiative.
In San Francisco, we have found a wonderful community that will be taking over the space and continuing the tradition of supporting startups within it, opening its doors to the emerging blockchain community. In Los Angeles, we are still finalizing all of the details.
UploadVR Media will continue to bring you the latest in XR news. We are amped for what promises to be an amazing GDC!
And anyone in the XR community, please know that we are still here for you, and will remain a prime media and education resource. We are committed to this industry and to our mission to help it grow. Expect to hear more from us in the near future. Until then, as we have taken to say internally – Onwards and Upload.
Note: Regarding a number of Lucas Matney’s false points:
- Palmer Luckey is not an investor in Upload.
- Upload has continued support from our major investors, who are excited about Upload’s new direction.