Facebook is shutting down Lasso, its TikTok clone

Facebook is shutting down Lasso, its TikTok clone

06.07.2020 News

Facebook announced that it is shutting down two of its little-known apps shortly after they launched them. According to CNBC, Lasso, TikTok’s competitor, and Hobby, the competitor of Pinterest, will be shut down on July 10.

Facebook released Lasso for iOS and Android in 2018. It was created to share 15-second videos with effects. The application has the necessary tools for video editing. There is also a music library. The application uses algorithms when submitting recommended videos but also allows you to view hashtags or pages of thematic collections.

TechCrunch reported citing research firm Sensor Tower that as of February this year, Lasso was available in Colombia, Mexico, the United States, Argentina, Chile, Peru, Panama, Costa Rica, El Salvador, Ecuador and Uruguay.

Earlier this year, the application introduced support for the Hindi language. This has led to speculation that Facebook will eventually launch a new app in India, the company’s largest market, based on the number of user accounts.

Other articles

  • Microsoft has announced to acquire TikTok in the United States by September 15
    News

    Microsoft has announced to acquire TikTok in the United States by September 15

    Microsoft announced the plan: to buy the fashionable social application TikTok, that owned by the Chinese company Bytedance Ltd, and confirms the long-standing efforts of the technology giant to occupy a niche in the digital advertising market, along with Facebook and Google. It is known that Microsoft intends to acquire TikTok’s business in the United […]

  • Twitter shares up by 7%
    News

    Twitter shares up by 7%

    Twitter shares that have risen by 10.5% since the beginning of the year rose by 7.34% on Wednesday in the announcement of plans to launch the Gryphon subscription platform. Twitter posted an ad for a “senior division engineer” on its website in the vacancies section. Twitter did not comment anything, but investors were happy to […]

  • Following Twitter and Facebook, Google has suspended data requests from the Hong Kong authorities
    News

    Following Twitter and Facebook, Google has suspended data requests from the Hong Kong authorities

    The American corporation Google, following other American companies Twitter and Facebook, suspended data requests from the Hong Kong authorities after the new Chinese law entered into force on this autonomous territory. “Last Wednesday when the law went into effect, we suspended any new data requests from the Hong Kong authorities. We will continue to study […]

Read also

Facebook is shutting down Lasso, its TikTok clone
News

Bayer to invest $ 300 million in the creation of new businesses

In his new project, the pharmaceutical giant Bayer wants to unite the genome editing technology crispr with their experience in trying to develop new drugs. Bayer, in close cooperation with Crispr Therapeutics AG on the basis of new technologies will seek to establish modern medicines from hemophilia and heart disease of newborns. In a joint […]

Next
Facebook is shutting down Lasso, its TikTok clone
News

State Service of Ukraine on Medicinal Products withdrew a batch of Pfizer’s hormonal drugs

The “Genotropin” drug, series MO5229, is forbidden to realization, storage  and using according to the information received by The State Service of Ukraine on Medicinal Products from the regulatory body field of quality control of medicines in Denmark. The State Service of Ukraine on Medicinal Products published on its website the Order ?577-2.0.1 / 2.0 / […]

Next
Facebook is shutting down Lasso, its TikTok clone
News

Lvovselmash become bankrupt

Recently, one of the plants of Lviv, which operates in the agricultural sector, has become bankrupt. This refers to the  agricultural machinery plant “Lvovselmash” that the Commercial Court of Zaporizhia region declared a bankrupt and opened the liquidation procedure. Last month, in February, the Commercial Court of Zaporizhia region ordered the reopening of the bankruptcy […]

Next
Facebook is shutting down Lasso, its TikTok clone
News

Oschadbank signs the pact with EBRD for € 50 m

By the information of Interfax-Ukraine, the state  Oschadbank and the European Bank for Reconstruction and Development have signed the memorandum of the association about corporate management state bank support on the 25th of November 2016. The parties also have concluded the memorandum about supporting of 50 million euros due to a trade financing program. As […]

Next
Facebook is shutting down Lasso, its TikTok clone
News

Siemens buys Mentor Graphics in the closest time

The German Siemens AG corporation reported about the acquisition of the American producer Mentor Graphics. The transaction is estimated at $4,5 billion: the price of one share constitutes $37,25. Mentor Graphics main activities are: designing of cable systems, printed circuit boards, functional verification, development of the built-in software etc. The company merger is directed, first […]

Next
Facebook is shutting down Lasso, its TikTok clone
News

The court arrested the shares and assets of the Odessa oil refinery

The Primorsky District Court of Odessa arrested the property and the shares of the Odessa oil refinery of the prosecutor’s office suit and the application of the state enterprise Ukrtransnefteprodukt, which was all movable property of the refinery previously transferred to. This is stated in the judgments  from 19 January. The arrest imposed on the […]

Next
Facebook is shutting down Lasso, its TikTok clone
News

Visa reported the first decline in quarterly revenue and profit since Visa started to be public in 2008

Shares of Visa, which rose 4.7% since the beginning of the year and recovered almost all losses in February and March, which decreased after the publication of the financial report for the 3rd quarter, that ended on June 30. Income per share of Visa in the 3rd quarter decreased from 23% to $ 1.06, which, […]

Next
Facebook is shutting down Lasso, its TikTok clone
News

Business results of the week from the LDaily

Saturday morning in the company of LDaily and our traditional surveys of the most prominent, important and interesting events in the world of business in a week – is a great chance to start the day not only pleasantly , but also with the use. After all, the information is always an advantage, the quality […]

Next
Facebook is shutting down Lasso, its TikTok clone
News

Berkshire Hathaway buys Dominion Energy assets for $10 billion

On Sunday, Dominion Energy, one of the largest energy companies in the United States, announced a final agreement to sell virtually all of its assets in the gas transportation and storage segment of Berkshire Hathaway Inc. under a deal valued at $9.7 billion, including its current debt of $5.7 billion. The deal with Dominion will […]

Next
Facebook is shutting down Lasso, its TikTok clone
News

Odessa Port Plant to pass into the private ownership

On June 30, 2016 the State Property Fund of Ukraine (SPF) plans to launch tender for the privatization of the  99, 6% shares of one of the country’s largest manufacturers of chemical products – Odessa Port Plant. “Carrying out of competition for the sale of stock of shares with an open offer of cost on […]

Next
Facebook is shutting down Lasso, its TikTok clone
News

General Motors will invest $ 500 million in the Lyft Inc. company

The General Motors company will invest in the owner of taxi service the Lyft Inc. about  $ 500 million. The plans of General Motors in the future are to increase the investment to $ 1 billion. After the transaction,  the General Motors will get a seat on the board of directors of Lyft Inc. and […]

Next
Facebook is shutting down Lasso, its TikTok clone
News

Microsoft, Vodafone, Hewlett-Packard: AI Conference Kyiv to Gather Top AI Experts

On June 4, Smile-Expo will hold annual AI Conference Kyiv in the capital of Ukraine. This year, the conference is focused on business automation using artificial intelligence. Speakers include leading experts from Microsoft, Vodafone, Hewlett Packard Enterprise, METRO Cash & Carry, and other well-known companies. Keynote Speakers of AI Conference Kyiv The conference primarily aims […]

Next
Facebook is shutting down Lasso, its TikTok clone
News

Trump has announced a reduction in coronavirus mortality in the United States

The number of confirmed COVID-19 cases in the United States continues to rise, but disease mortality rate is declining. This was announced on Sunday, July 6, by US President Donald Trump in his Twitter. “New China Virus Cases up (because of massive testing), deaths are down, “low and steady”. The Fake News Media should report […]

Next
Facebook is shutting down Lasso, its TikTok clone
News

Became known the consequences of restructuring in Google

This week the report of the Alphabet associated company of Google for the fourth quarter 2015 is eagerly awaited  in Wall Street. The company for the first time reports on the results separately from the rest of their enterprises. In October, Google conducted a massive restructuring process and has become a part of Alphabet holding […]

Next
Facebook is shutting down Lasso, its TikTok clone
News

Ford reported smaller-than-expected quarterly losses, but restructuring is still ongoing

Shares of Ford Motor Co dropped to 1.93% on Friday after the closing of trading on Thursday, automaker reported results of achievement in three months from April to June. Since the beginning of the year, Ford shares have fallen by 28.9%. Ford Motor reported second-quarter losses of – $ 0.35 per share, which is better […]

Next
Facebook is shutting down Lasso, its TikTok clone
Analytics

Taxes in the modern world: the rating of the most sophisticated

Taxes  is  some kind of insurance which the person shall pay for the sake of the own benefit and social security in the future. How fine is a line between fair and unfair taxes? How to understand when does the state demand from us superfluous? What of the countries are succeeded in it more than […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com