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YouTube announces its own TikTok competitor

September 14, 2020. Summarized by summa-bot.

YouTube's own TikTok copycat is here.

New York (CNN Business)YouTube's own TikTok copycat is here.

On Monday, the Google-owned company announced Shorts, its new short-form video feature.

YouTube said it would bring Shorts to additional countries in the coming months, and add more functionality.

YouTube said the tool is for social media creators to "shoot short, catchy videos using nothing but their mobile phones. " It will offer a way to string multiple clips together, add music, and use a timer and countdown to record videos hands-free, all features currently available on TikTok.

YouTube is the latest social media giant to launch a short-form video tool after TikTok has exploded in popularity.

YouTube's announcement comes after news that TikTok and Oracle (ORCL) will become business partners in the US, a deal meant to satisfy the Trump administration's national security concerns about the Chinese-owned video app, a person familiar with the matter told CNN Business on Sunday.

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