https://www.cnet.com/news/facebook-reportedly-working-on-music-video-app-lasso/ > Lasso is designed to compete with TikTok, which was known as Musical.ly before it was purchased by China-based ByteDance for a reported $800 million in 2017. Musical.ly's name was changed in August. > In June, Facebook revealed its Lip Sync Live feature, which lets you perform for friends in real time and read their comments as you sing. On Wednesday, Facebook expanded that feature by allowing artists to use it on their pages and adding lyrics to some songs.