Instagram Stories launches TikTok clone Reels in Brazil
Found on Techcrunch on Wednesday, 13 November 2019
Instagram also has the U.S. government on its side for a change. While its parent company Facebook is being investigated for antitrust and privacy violations, TikTok is also under scrutiny.
Chinese tech giant ByteDance’s $1 billion 2017 acquisition of Musical.ly, another Chinese app similar to TikTok but with traction in the U.S., is under review by the Committee on Foreign Investment in the United States.
It's normal business for Facebook: if you cannot buy it, clone and crush it.