On November 9, 2018, Facebook launched a TikTok clone named as "Lasso". It is a Video sharing app that is developed to compete with TikTok.
But now, Facebook notified that they are stutting down Lasso on July 10, 2020.
Lasso was initially available in the United States, Colombia, Argentina, Mexico, Costa Rica, Chile, Peru, Panama, Uruguay, El Salvador, and Ecuador. In the start of 2020, Lasso added support for Hindi language, suggesting that Facebook may bring Lasso to India. A point to be noted is that Facebook's biggest market by users account is from India.
Do you have any information about why Facebook is going to shutdown Lasso?