TikTok Owner Exhibits Signs Of VR Foray: Bloomberg

August 26, 2021 3:34 PM | 1 min read |

TikTok owner ByteDance Ltd is in discussions to acquire Pico, a Chinese maker of virtual reality headsets, Bloomberg reports.
TikTok recently launched 'TikTok Effect Studio' to build augmented reality (AR) effects for TikTok's short-form video app. Games and fitness apps have been a big VR headset driver.
Facebook Inc FB just upped the VR experience by launching the Horizon Workrooms app for its Oculus Quest 2 headset owners shortly after its VR debut in September 2020.
Apple Inc AAPL is targeting its VR debut in 2022.
Price Action: FB shares traded lower by 0.88% at $365.13 on the last check Thursday.
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