Facebook is coming out with an app to compete with TikTok for teens’ time.

Facebook is coming out with an app to compete with TikTok for teens' time. One source said that Lasso is “basically TikTok/Musically. It’s full-screen, built for teens, fun and funny, and focused on creation.” TikTok is a popular lip-syncing app that took over Musical.ly and is climbing the charts, but Facebook’s copycat could stop their momentum. This is part of Facebook’s ongoing push to tap into young consumers’ passion for music, which includes adding song-playing stickers to Instagram and adding a livestreamed karaoke feature to Facebook. (TechCrunch)