General

Facebook Plans New Strategy to Take Lead Over TikTok

Author : NewsGram Desk

Admitting that TikTok is doing well in the US and growing quickly in India, Facebook CEO Mark Zuckerberg unveiled his own plans to counter the rising clout of the Chinese short video-sharing platform in meetings with employees, the details of which have now been leaked.

Saying that Facebook has a "number of approaches" to compete with TikTok, Zuckerberg said the company would first test the efficacy of its strategies in markets where TikTok is not already big, according to the details of the meeting published by The Verge on Tuesday.

With over 200 million users in India, TikTok, owned by Beijing-based ByteDance, is fast closing the gap with Facebook in the country.

"So we have a number of approaches that we're going to take towards this, and we have a product called Lasso that's a standalone app that we're working on, trying to get product-market fit in countries like Mexico, is I think one of the first initial ones," Zuckerberg was quoted as saying.

"We're trying to first see if we can get it to work in countries where TikTok is not already big before we go and compete with TikTok in countries where they are big," he said in response to a question on how Facebook plans to counter TikTok's growing cultural clout among teenagers and Gen Z.

TikTok is fast catching up: it has been downloaded more than 240 million times in India so far, according to app analytics firm Sensor Tower. VOA

In November last year, Facebook quietly released a stand-alone app called "Lasso" to compete with TikTok.

The Facebook CEO also said that TikTok is almost like Instagram's Explore Tab.

"I kind of think about TikTok as if it were Explore for stories, and that were the whole app," Zuckerberg said.

"We're taking a number of approaches with Instagram, including making it so that Explore is more focused on stories, which is increasingly becoming the primary way that people consume content on Instagram, as well as a couple of other things there," he said. (IANS)

Subscribe to our channels on YouTube and WhatsApp

Download our app on Play Store

Activists Push for Pakistan to Recognise and Support People with Albinism

This Cybersecurity Agency Is Supposed to Protect U.S. Elections. Officials Fear It’s Been Compromised by Trump

Prime’s Carrie Miniseries Expands Stephen King’s Story – But Weakens its Central Horror

Tibetan Rights Group: South Africa Arson Attack is Transnational Repression by CCP

Ramayana : 6 Timeless Management Lessons From the Ancient Hindu Text That You Must Imbibe