NUSADAILY.COM-JAKARTA – Facebook shares rose 6.5 percent to USD 265.28 per share at the close of trading on Thursday, August 6, 2020. The strengthening was allegedly because the social media giant launched the latest Instagram feature, Reels, which is similar to TikTok.
Reels that triggered Facebook stock shot is a short video feature on Instagram. Where users can create videos with their own audio and effects, it is very similar to TikTok.
This feature was actually released in Brazil limited in November 2019. But last Wednesday it was officially launched on Instagram in the US and several other countries. Thus quoted NusaDaily from CNBC via Beritasatu.com
TikTok continues to grow rivaling Facebook as a favorite social media for teens and young people in the US. TikTok claims to have 100 million monthly active users in the US alone.
For this reason, the senators and also US President Don Trump Trump were frustrated by China‘s application. (yos)