Why is Unity stock down 50% since IPO?

I can understand that we’re in a bear market, the correction seems normal and there’s still a long way to go

BUT

It does look like Unity has been in freefall for a while, much more than the rest of the market and more than your usual SaaS stocks.

Is this compounded by the loss of faith in VR/web3? Did I miss something in the earnings report?

Ps: I don’t own stock atm, but Unity is becoming attractive imo