Non corporate VR is actually doing some interesting things - but yeah, what Meta did with it was pure garbage.
Another way to see this: Hammers can be useful, the Internet can be useful, but this doesn't mean that as a hammer manufacturer you should make your next hammer an IoT product ASAP or you will be left behind.
Just wanted to note that even after the bad publicity that companies like Meta (ugly avatars, unusable bland virtual spaces) or Apple (overpriced device with no software or content) have given to VR, some people tend to regard it as dead even though there is quite a vibrant user and creator community doing some incredible things (even just what people do with VRChat is amazing!). And there are even companies that seem to get it (Valve).