New acquisition of ByteDance TikTok will not please Mark Zuckerberg

The expansion of the social community TikTok has been very speedy and at this time it threatens Fb. Right this moment, TikTok is already one of the crucial downloaded apps of the previous 10 years.

In July, we relayed a examine in accordance with which TikTok has already crossed the three billion downloads mark, a threshold that has solely been reached by 4 different apps, all belonging to Fb: WhatsApp, Messenger, Fb and Instagram. Three weeks in the past, a Nikkei article even acknowledged that TikTok is now probably the most downloaded app on the earth.

On the Fb facet, the response was not lengthy in coming. And it begins with Instagram. The social community has already adopted a format impressed by TikTok movies. And just lately, the boss of Instagram indicated that it’s not a photograph app, since its improvement will now prioritize the video format.

TikTok proprietor additionally turns into Fb competitor in VR

However whereas its social community TikTok threatens Fb, the corporate ByteDance additionally turns into a competitor of the corporate of Mark Zuckerberg in one other subject: digital actuality. As reported in a CNBC article, ByteDance has certainly simply taken its first steps on this space by shopping for the startup Pico.

Chances are you’ll by no means have heard of this firm, however but it is among the main gamers within the subject of digital actuality. Certainly, Pico was the third-largest producer of VR headsets within the third quarter of 2021 and it’s a firm that has been doing properly, with shipments growing by 44.7% throughout this era. It isn’t identified how a lot ByteDance spent to amass Pico.

Quoted by CNBC, the corporate stated: ‚ÄúPico’s complete suite of software program and {hardware} applied sciences, together with the workforce’s expertise and in-depth experience, will assist each our entry into the VR house and long-term funding on this rising subject. “

It needs to be famous that the corporate ByteDance has a really diversified portfolio of actions. Nonetheless, the acquisition of one of many predominant gamers in VR is especially fascinating, as it’ll intensify the rivalry between the Chinese language group and Fb. As well as, when Apple launches its first AR / VR merchandise, ByteDance will even compete with the Cupertino firm.

TikTok

TikTok

Par: TikTok Pte. Ltd.