Last of Us Online cancelled: Why was multiplayer Factions sequel axed?

The Last of Us Online has been cancelled. Here's why the multiplayer Factions sequel was binned by Naughty Dog.
In this montage video, we run through the big gaming moments of December 2023, from Eminem in Fortnite to GTA on Netflix, along with a cheeky plug for our One More Life podcast.
You won't be playing The Last of Us online.

Why has The Last of Us Online game been scrapped?

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The Last of Us Factions 2 is Essentially* CANCELLED

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Last of Us Online cancelled: Why was multiplayer Factions sequel axed?