Why Facebook Passed on Buying the Predecessor to TikTok
The Facebook Inc. logo is displayed on an Apple Inc. iPhone in this arranged photograph taken in the Brooklyn borough of New York, U.S. (Photographer: Gabby Jones/Bloomberg)

Why Facebook Passed on Buying the Predecessor to TikTok

(Bloomberg) -- Facebook Inc. held talks over several months in 2016 to determine whether to buy Musical.ly, a rival app that would eventually evolve into global teen video sensation TikTok.
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