Facebook is closing Lasso, a video-inspired video application launched by TikTok in 2018. Cable News NetworkKerry Flynn (Kerry Flynn) Found a notification to users, told them that the app will not be available after July 10, and suggested that they download any videos they want to keep.
beforeTechCrunch Edit Josh Constine notes Facebook’s focus has shifted to Instagram’s Reels feature, so the company seems to be shutting down Lasso. Reels is a video editing tool that allows users to record and edit TikTok-style videos, then post them to their Instagram stories, send them via DM or post them to a new section called “Top Reels”
Lasso is only available in certain global markets. TechCrunch The report states that the app is not only available in the United States, but also in Colombia, Mexico, Argentina, Chile, Peru, Panama, Costa Rica, El Salvador, Ecuador and Uruguay since February.
Lasso is not the only Facebook-owned service that will close on July 10. Yesterday, TechCrunch The report said that Facebook also shut down Hobbi, an experimental application similar to Pinterest, designed to help people record personal projects. Hobbi (Hobbi) is the work of Facebook’s new product experiment team, not started until February this year.