New post Need visibility? Apply for a FREE post for your Startup.  Apply Here

NewsRandom

FACEBOOK IS SHUTTING DOWN ITS TIKTOK RIVAL

1 Mins read

After two years of launching the standalone video app, Facebook has confirmed its decision to shut down Lasso on the 10th of July, 2020. On Wednesday, Lasso released a push notifications to its users, notifying them that the app would be shut down. A Facebook spokesperson told the media that Lasso is one of their experimental apps, and thanks everyone that shared their creativity via the app. The spokesperson noted that Lasso was estimated to have about 10 million downloads, but would now be pulled down from every app stores.

Lasso, a short-video sharing app by Facebook Inc. was initially released in November, 2018 for Android and iOS. The app was targeted at the teenage population, and intended to rival TikTok – which is owned by ByteDance, a Chinese internet company. In 2018, TikTok became a sensation among teenagers, after the mother company went into a merger with the lip-syncing app – Musical.ly.

Lasso, at its stage of functionality, allows people to record a 15 second video over an underlying music. This service, however, was not available worldwide, it was only available in the United States, Mexico, Argentina, Costa Rica, Uruguay, El Salvador, Peru, and a handful of other South American countries. Lasso’s biggest market, at its peak was a meagre 80,000+ users in Mexico, and 70,000+ users in the USA.

Don’t miss any tech news ever!

We don’t spam! Read our privacy policy for more info.

882 posts

About author
When I'm not reading about tech, I'm writing about it, or thinking about the next weird food combinations to try. I do all these with my headphones plugged in, and a sticky note on my computer with the words: "The galaxy needs saving, Star Lord."
Articles
Related posts
News

Bitcoin hits new all-time high, hitting $94k amid Trump-era optimism

1 Mins read
Bitcoin has risen to a remarkable high of $94,000, marking a dramatic surge fueled by speculation about potential cryptocurrency-friendly policies and strategic…
News

Logan Paul Faces Crypto Controversy Amid Allegations of Deceptive Promotions

1 Mins read
Social media personality, Logan Paul, is under intense scrutiny after a BBC investigation revealed that he is involved in unethical practices surrounding…
ArticleRandom

Bluespine Garners $7.2M In Seed Funding

1 Mins read
Bluespine is an AI platform powered that aims at reducing the costs for self-insured employers. Bluespine was founded by a team of…
Newsletter Subscription

🤞 Don’t miss any update!

We don’t spam! Read more in our privacy policy

Join our Telegram channel here - t.me/TechpadiAfrica

Leave a Reply