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Re:Vine founder launches TikTok competitor by ReverseCold on Saturday January 25, 2020 @01:47PM (#22147837)
Facebook did it once. First by marketing to college students for the original product (Facebook), then by buying the next big thing (Instagram).

I don't think they're doing it again though, many recent acquisitions (starting from Oculus in 2014) are VR/AR based, and AFAIK they're growing the core Facebook product instead of launching new ones.

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