As part of its rebranding, Meta’s Reality Labs business segment develops a series of virtual reality (VR) headsets, the Meta Quest - one of the leading VR devices on the market. The Chinese short-form video app has been gaining global momentum. Moreover, these are among the most popular social networks worldwide. New York CNN Business Those who miss Vine videos may find some solace in TikTok. Meta’s products include Facebook, Messager, Instagram, and WhatsApp, also known as Meta’s Family of Apps (FoA), generating most of Meta’s revenue. In October 2021, Facebook was renamed and rebranded as Meta, with the CEO Mark Zuckerberg aiming to be associated with the metaverse. In September 2022, TikTok was the most-downloaded app in the Google Play Store and the second-most downloaded app in the Apple App Store, following BeReal. In 2023, the number of TikTok users worldwide was expected to exceed 834 million, with the United States being one of the leading markets. Owned by the Beijing-based tech company ByteDance and launched in 2017, TikTok quickly gained popularity after the acquisition of Musical.ly in 2018. The cloud-based instant messaging service Telegram had 310 million downloads from global users in 2022. The mobile apps of social media and communication platforms Instagram and WhatsApp followed with 548 million and 424 million downloads, respectively. The short-video sharing app generated 672 million downloads during the same year. Launched in 2017 as the international version of popular Chinese platform Douyin, TikTok quickly rose. In 2022, TikTok was the most downloaded mobile app worldwide. TikTok is a video-sharing social media app owned by Beijing-based tech company ByteDance.
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