TikTok Owner’s VR Headset Company Pico Lays Off Hundreds of Staff: Report Gizmodo

ByteDance, the China-based company that owns TikTok as well as one of the biggest overseas VR makers, Pico, is taking a long look at its VR headset business, finding that all those metaverse champions were way too “optimistic” in their estimation that virtual reality would take over the world.

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 ByteDance, the China-based company that owns TikTok as well as one of the biggest overseas VR makers, Pico, is taking a long look at its VR headset business, finding that all those metaverse champions were way too “optimistic” in their estimation that virtual reality would take over the world.Read more…  Read More pico, pico 4, virtual reality, wearable devices, meta quest 3, quest 2, meta quest, bytedance, meta platforms, display technology, zhou hongwei, pico interactive, business finance, facebook, reality labs, hongwei, technology internet, virtual reality headsets, metaverse Gizmodo 

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