The term metaverse has become a tech buzzword this year, with companies and investors keen to be a part of the next big thing. But users have for years been spending time in these fast-growing but obscure virtual worlds.
The latest fund raising came a little over a year after its last round, as the company saw fast growth in monthly active users and crossed $144 million in transaction volume on the platform. It also marks Vision Fund 2's first investment in a company that issues its own cryptocurrency.
The iPhone maker is prioritising iPhone 13 output in part because it forecasts stronger demand for the smartphone than for the iPad as Western markets begin to emerge from the pandemic.
The move comes after ByteDance shelved its plan to go public in April and said it had no imminent plans for an initial public offering. It had previously planned for a Hong Kong or New York listing.
In accordance with India IT Rules 2021, WhatsApp has published its fourth monthly report for September 1-30. It banned 2,209,000 accounts and received 560 grievance reports during this period.