Facebook is building Lasso, a video music app to steal TikTok’s teens

Facebook is working on a new app that it hopes could win back the attention of teens while capitalizing on its recently-attained major label music licenses. Facebook is building a standalone product where users can record and share videos of themselves lip syncing or dancing to popular songs, according to information from current and former […]

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Crunch Report | Musical.ly to sell for at least $800 million

Today’s Stories

China’s Toutiao is buying Musical.ly in a deal worth $800M-$1B
Uber loses UK tribunal appeal over driver employment rights
Uber ‘Express POOL’ offers the cheapest fare if you’ll walk a little
Facebook relaunches Events app as Facebook Local, adds bars and food

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Written by: MRD
Hosted by: MRD
Filmed by: Chris Gates
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View More Crunch Report | Musical.ly to sell for at least $800 million