Facebook to shut TikTok clone Lasso
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.