ByteDance said the purchase of Pico will support its long-term investment in VR; Pico ranked third in global VR headset sales in the first quarter of this year.
source https://www.google.com/url?rct=j&sa=t&url=https://www.scmp.com/tech/big-tech/article/3146842/bytedance-makes-another-move-metaverse-acquisition-vr-start-pico&ct=ga&cd=CAIyGjg5NjVlMGM0YzM3ZjhiODc6Y29tOmVuOlVT&usg=AFQjCNGe2oHNCltXIWU2X7AFpTHw-M-fUQ
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