Shutting down Lasso & Hobbi by 10th July, 2020 says Facebook

Facebook is shutting down Lasso & Hobbi by 10th July, 2020. Moreover, Facebook, one of the largest company by market capitalization has decided. Hence, it will be shutting down Lasso & Hobbi that was launched more than a year ago.

Facebook is shutting down Lasso & Hobbi by 10th July, 2020. Moreover, Facebook, one of the largest company by market capitalization has decided. Hence, it will be shutting down Lasso & Hobbi that was launched more than a year ago. Also, it allowed users to create a music video up to 15 seconds. Which was very much like its rival TikTok which is currently banned in India.

“We place multiple bets across our family of apps to test and learn. How people want to express themselves”. A Facebook spokesperson told CNBC via email.

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“One of these tests was Lasso. Our stand-alone short-form video app. Which we have decided to shut down and remove from all app stores on July 10. Also, we thank everyone who shared their creativity and feedback with us. Which we’ll look to incorporate in our other video experiences.”

Hobbi was designed by Facebook’s New Product Experimentation team. Which allows people to document, share and organize their hobbies. Furthermore, according to push notification. However the same will be shutting down by July 10.