Ted Farnsworth, the financier and former MoviePass chairman, has taken an 80% controlling interest in a rival app to TikTok, the Singapore-based short-form video platform Lomotif. Farnsworth is teaming with early Musical.ly investor Jaeson Ma and Triller board member Vincent Butta on the acquisition on behalf of their Vinco Ventures, Inc. and ZASH Global Media and Entertainment Corporation. Together they will take an 80% controlling stake in.