BuzzFeed reports Facebook wasn't able to close the deal, while Bloomberg reports it walked away over concerns about Musical.ly's users and ownership.
Facebook tried to buy Musical.ly, the company which was eventually bought by Chinese tech giant ByteDance and merged into rival social media platform TikTok, according to BuzzFeed and Bloomberg. Sources told BuzzFeed Facebook wasn't able to close the deal, while Bloomberg reports it walked away over Musical.ly's young usership and Chinese ownership. Mark Zuckerberg has been on the offensive against TikTok in recent months, criticizing the platform for reportedly censoring content.
Facebook tried to buy Musical.ly, the company which was eventually bought by Chinese tech giant ByteDance and merged into rival social media platform TikTok, according to BuzzFeed and Bloomberg. Sources told BuzzFeed Facebook wasn't able to close the deal, while Bloomberg reports it walked away over Musical.ly's young usership and Chinese ownership. Mark Zuckerberg has been on the offensive against TikTok in recent months, criticizing the platform for reportedly censoring content.
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