Facebook's music label partnerships opened up a lot of possibilities for the social network. According to TechCrunch, the company is currently working on a standalone TikTok/Musical.ly competitor called "Lasso," which you can use to record and share videos of yourself singing and dancing to popular songs. It's obviously meant to cater to tweens, teens and young adults -- younger users who might prefer Snapchat and Instagram over Facebook's main app.
Source: TechCrunch
Facebook is reportedly working on a Musical.ly competitor posted first on https://www.engadget.com
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