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    Facebook to shut TikTok clone Lasso

    Synopsis

    Lasso was launched in 2018 as an answer to TikTok, which has gained popularity globally. However, Lasso failed to gain traction and match TikTok. Facebook is now betting on Instagram Reels. It is also similar to TikTok where a user can record 15 second videos.

    AP
    Instagram Reels can capture the Indian market after government banned 59 Chinese apps including TikTok.
    BENGALURU: Facebook's TikTok clone Lasso is shutting down on July 10, the short-video app alerted users on Wednesday.

    Lasso was launched in 2018 as an answer to TikTok, which has gained popularity globally.

    However, Lasso failed to gain traction and match TikTok. Facebook is now betting on Instagram Reels. It is also similar to TikTok where a user can record 15 second videos.

    Instagram Reels can capture the Indian market after government banned 59 Chinese apps including TikTok.

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    3 Comments on this Story

    Sid Sin2 days ago
    Well lasso is not quite good name.
    Mohamed Shabib37 days ago
    Ambaniji will be happy now that tiktok is banned because their investor is gaining here now.
    Roshan Rodrigues37 days ago
    people pls support Indian apps
    The Economic Times