Facebook launches app to rival TikTok

Facebook maybe be wedging itself into the video-looping trend at the perfect time with Lasso.

Product Manager of Lasso app Bowen Pan announced the release of Lasso for iOS and Android, a TikTok competitor.

Pan describes the application as "a video app that lets you create short, fun videos and share them with friends," for everything like the lip-syncing videos of TikTok to brief musicless clips on the now-defunct Vine.