Facebook Officially Failed to Copy TikTok and Pinterest

Adam Levy, The Motley Fool
·4-min read
Facebook Officially Failed to Copy TikTok and Pinterest
Facebook Officially Failed to Copy TikTok and Pinterest

Facebook (NASDAQ: FB) is shutting down two of its apps this month, Lasso and Hobbi. Lasso was a clone of TikTok, providing tools to create and share short videos. Hobbi looked a lot like Pinterest (NYSE: PINS), giving users a place to collect images and ideas related to their hobbies.