Shares of Meta Platforms (NASDAQ: META) were sliding today, in line with a broad sell-off in tech stocks and after the company launched a new VR subscription service that seemed to fail to excite investors.

As a result, the stock closed the session down 3.6%.

The big news out of Meta was the launch of its new VR subscription service, Meta Quest+, which costs $7.99/month or $59.99 annually. In exchange, subscribers will get two handpicked virtual reality games to play each month. Meta's offering a promotion for the service at just $1/month through July 31, and the company called it "the most affordable way to grow your library with killer content."

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Source Fool.com