When Pico launched its Oculus Quest challenger in China last year, it did so with great optimism. Light (295 grams) and affordable ($420), the virtual reality headset released by the ByteDance-owned manufacturer was expected to drive adoption in a market inaccessible to Meta. The odds were against Pico. Its sales have been sluggish, and this … Continue reading ByteDance’s Oculus challenger Pico lays off hundreds, halts aggressive expansion