Bytedance has announced it will be ending its music streaming business, TikTok Music, which was supposed to compete with Spotify (SPOT) and Apple Music (AAPL). The service will shut down on November 28. Users have until the end of October to transfer their playlists to another service.

Yahoo Finance Senior Reporter Alexandra Canal discusses the move in the video above.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Stephanie Mikulich.