Facebook introduced its short form video app Lasso last year, in a bid to take on TikTok. The app was launched in the US only back then, but Facebook reportedly plans to launch it in India this year. It will most likely debut in the first financial quarter of next year or by May 2020. Furthermore, WhatsApp was spotted working on Lasso integration as well, hinting at big plans from Facebook’s end regarding the short-form video app. Facebook will face tough competition from TikTok whenever it decides to launch in India, as the latter is extremely popular among users in the country.
A new report on EnTrackr suggests that Lasso will be introduced in the Indian market this year, and Facebook looks to leave no stones unturned to give tough competition to TikTok. The social media giant reportedly looks to launch the Lasso app by May this year. “Facebook Singapore has been working with a team of a dozen people to prepare for the launch since October,” said one of the two people cited above, on condition of anonymity. “They have been mapping several aspects that triggered the growth of TikTok in India through third parties,” a source familiar with Facebook’s plans told the publication.
Furthermore, a second source says that Facebook is aware that it will have to fight TikTok fiercely in the Indian market, and it won’t leave any stone unturned to up its game. TikTok has been eating up a decent market share of Facebook in India, and the social media giant is gearing up for battle. The company is working on an aggressive strategy to bring creators on board and lure influencers to switch from TikTok to Lasso. “Lasso is looking at onboarding influencers and celebrities by promising a minimum guarantee which is higher in amount when compared to what TikTok offers them right now,” the source said.
To reiterate, the Lasso app was launched in the US last year, and since its inception, it has been downloaded more than a million times on Google Play Store. Apart from India, Facebook reportedly looks to launch Lasso in other emerging markets like Indonesia as well.
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