Facebook Is Shutting down Lasso Its TikTok Clone

Facebook is no longer betting on Lasso, an app it launched a year and a half ago, to take on TikTok. The social juggernaut’s TikTok clone is shutting down on July 10, Lasso alerted users on Wednesday.

Lasso’s demise comes ahead of the launch of Instagram Reels — the new horse Facebook is counting on to steal TikTok’s lunch, said Josh Constine, who first spotted Lasso’s announcement.