Facebook is creating a TikTok competitor called Lasso

Facebook is looking to create another standalone app to compete with TikTok, the immensely popular 15-second video app, which recently absorbed Musical.ly after a $1 billion acquisition by Chinese company ByteDance. According to a TechCrunch report, Facebook is trying to win over teens with Lasso, an app where users can record themselves dancing and lip-syncing to music.
A source told TechCrunch, “It’s basically TikTok/Musically. It’s full-screen, built for teens, fun and funn