Facebook’s TikTok-clone Lasso is shutting down as Zuckerberg gears up to launch Instagram Reels
Lasso/Google Play Store
- Facebook’s TikTok-clone Lasso informed users that it will be shutting down starting July 10.
- The news comes a few days after Facebook announced that
Instagram Reelswill be expanding to new markets.
- After TikTok being banned in India, users are looking for a friendly 15-second video streaming app — an opportunity that Instagram Reels could capitalise on.
Facebook’s TikTok clone lasso is shutting down ahead of the Instagram Reels launch, so basically Fb lost 2 years by… https://t.co/M1UQ1mvWyw— Josh Constine -SignalFire (@JoshConstine) 1593649623000
The news of Lasso’s exit comes on the heels of Facebook planning to launch Instagram Reels, another app that functions almost identically to TikTok. The app was initially announced in November 2019 exclusively for users in Brazil. Now, it plans to also extend to users in France and Germany as well.
Unlike Lasso, Reels will be able to use Instagram’s users — which stood at 1 billion as of 2018 — to cross-promote itself.
For users in India, this could be a boon after the government banned TikTok from its stores amid border tensions with China. Most TikTok creators are now relying on Instagram to create content, and having Reels to generate 15-second videos will allow them to return to their favourite format.
While this may be the perfect opportunity for Facebook to capture the market leftover by TikTok, there are currently no plans of Reels being launched locally.
Another Facebook clone bites the dust
Facebook had earlier tried to launch its own Snapchat killer — an app called Slingshot — in June 2014. As with Lasso, Slingshot was pulled from the App Store a year later.
Launched “quietly” in November 2018, Lasso functions exactly like TikTok with videos capped at 15-seconds and users’ favourite tunes playing in the background. The only difference is that it didn’t quite capture the users’ fancy as Facebook hoped it would.
Even the guy who led Lasso's development, Brady Voss, left Facebook within days of the app hitting the market.
Since its launch, Lasso has only been downloaded a sum total of 300,000 times, according to Sensor Tower. In comparison, TikTok has been downloaded more than 40 million times.
Top TikTok alternatives to make and share your videos
There are ways around the TikTok ban— while PUBG may be banned via another list from the Indian government
Facebook purges 5,000 apps that accessed data after 90 'inactive' days
- Bharat Biotech to make antigen for first-ever anti-malaria vaccine
- SIMPLY PUT: Watch out for production linked incentives in the budget — here’s how it will work
- Surgeries, invasive procedures and OPDs to resume at all Delhi government hospitals
- OnePlus co-founder Carl Pei launches a new consumer tech company and it's literally called Nothing
- Parachute and Saffola maker Marico says almost all of its products are back in demand – more importantly, the recovery is in rural India