The thing is - they don't really have much IP worth anything. They have filed a ton of patents for ridiculous stuff like that "wiggling" fiber idea (the fiber w

The thing is - they don't really have much IP worth anything. They have filed a ton of patents for ridiculous stuff like that "wiggling" fiber idea (the fiber would need to reach ultrasonic speeds to get anywhere close to usable display). Also, according to this, all their patents are assigned to JP Chase as collateral: https://www.kguttag.com/2019/11/10/all-magic-leap-patents-have-apparently-been-assigned-to-j-p-chase-morgan-as-collateral/ https://www.kguttag.com/2019/11/10/all-magic-leap-patents-ha... They want to exit because their investors don't want to pour more money into that bottomless pit, with no prospects of profitability (not to mention that there are other vendors doing the same thing and better/cheaper). So hype things up, offload the worthless junk to some sucker and move to the Caribbean to enjoy the "profits" ...