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Re:ByteDance investors value TikTok at $50B in takeover bid by Firebrand on Wednesday July 29, 2020 @12:50PM (#23988852)
Maybe not a major flop, but Facebook’s original TikTok competitor, Lasso, was shut down. They tried to go after the Musical.ly half of TikTok’s user base that likes dancing to music.

https://techcrunch.com/2020/07/01/lasso-facebook-tiktok-shut...

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