Sources: ByteDance cancels an upcoming VR headset from its Pico subsidiary, the Pico 5, after Pico 4 sales fell far short of expectations and the VR market sags (Juro Osawa/The Information)

Sources: ByteDance cancels an upcoming VR headset from its Pico subsidiary, the Pico 5, after Pico 4 sales fell far short of expectations and the VR market sags (Juro Osawa/The Information)

Juro Osawa / The Information:
Sources: ByteDance cancels an upcoming VR headset from its Pico subsidiary, the Pico 5, after Pico 4 sales fell far short of expectations and the VR market sags  —  Chinese tech giant ByteDance might have set Facebook owner Meta Platforms on its heels with its hugely popular TikTok app.