Leading video streaming platform Netflix has launched a TikTok-rival called Fast Laughs that gives mobile users an instant, full-screen feed of funny clips from its huge comedy catalog. Fast Laughs, currently only available for iOS device owners in select countries, looks and feels like TikTok or Instagram Reels. "Different short clips -- taken from shows like Big Mouth or stand-up specials from comedians like Jerry Seinfeld and Ali Wong -- play directly within the Netflix app. If one of the shows, films, or specials sparks interest, people can add said title to their saved list to watch later," Netflix said in a statement late on Wednesday.