Nick Fajt
Nick Fajt is Director of Product Management at Snap and was previously CEO at Against Gravity. He founded Against Gravity and Rec Room, both startups that were acquired. He has expertise in product management.
Seattle’s Rec Room Social Gaming Platform Shuts Down June 1, 2026 After $294M Funding and $3.5B Valuation
Seattle-based social gaming platform Rec Room, which attracted 150 million players and reached a $3.5 billion valuation in 2021, is shutting down on June 1, 2026 due to unviable business economics. Founded in 2016 by former Microsoft engineers, Rec Room built a decade-long virtual community but ultimately could not sustain its operations.
Snap Acquires Assets from Rec Room Ahead of June 1 Shutdown; Employees Join Specs Inc. for AR Hardware Work
Snap Inc. has acquired select assets from Rec Room Inc., a social gaming platform shutting down on June 1, with some Rec Room employees joining Snap’s Specs Inc. to support its augmented reality glasses initiatives. Despite Rec Room's 150 million players, it failed to achieve sustainable profitability, leading to its closure.
Rec Room, Seattle Social Gaming Platform Valued at $3.5B, Shuts Down June 1 Amid Profitability Challenges
Seattle-based social gaming platform Rec Room, once valued at $3.5 billion, will shut down on June 1 after a decade in operation due to difficulties in achieving profitability. This ends the run of one of Seattle's most notable startup unicorns.
Organizations
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Snap Director, Product Management 2026–present · current
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Against Gravity CEO · current
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Rec Room CEO & Co-Founder 2016–2026, Co-founder and Longtime CEO 2026, Chief Executive Officer 2026, Co-founder and CEO 2026, CEO and Co-founder 2026 · past
Education
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Cornell University Bachelor of Science (BS), Dept of Computer Science (ISST) · 2005–2009
