Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "ByteDance's Crisis: TikTok's Owner Wastes $3 Billion on VR, Now a Tool for CCP's Brainwashing" video.

  1. 🗳 Visitors can experience and participate in a simulated version of the National People's Congress at Hanzo's People's Democratic Experience Center using VR technology. 00:06 Hanzo's People's Democratic Experience Center allows visitors to virtually experience the National People's Congress The center was inaugurated by high-ranking party officials and aims to showcase the Chinese style of democracy A video clip of the virtual experience sparked online discussions and amusement among internet users 📺 VR technology used for communist education in China faces challenges and companies begin to falter. 03:01 VR technology used to deepen educational outcomes of party members Developmental difficulties and economic slowdown affect VR companies in China Parent company of TikTok plans staff reductions for its VR company 📢 Pico announces significant layoffs and organizational adjustments in response to slow progress in the VR industry. 06:05 Pico's president announces layoffs and substantial personnel adjustments in gaming, video, and live broadcast teams. Pico plans to merge its mobile OS team into product research and engineering organization, affecting over 300 employees. The organizational structure adjustment aims to focus on long-term exploration and breakthroughs in hardware and core technology. 💰 Pico's performance in the VR market was not too bad, but the entire industry faced a steep decline. 08:39 Pico reached approximately $2.75 billion in revenue for every Pico device sold. Pico's domestic VR market share reached 70% and its global market share increased from 1% to 11%. The VR industry faced a steep decline with a 51% year-on-year decrease in sales volume. 😔 The future of Enterprise Pico and its metaverse project is uncertain after facing challenges and downsizing. 11:46 Enterprise Pico has shrunk from 2,000 employees to less than half its building. B Dan has faced growth challenges, including layoffs and conflicts within the HR department. Tik Tok, a subsidiary of B Dan, has also faced hurdles in the US due to security concerns.
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