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

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...