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Reddit Acquires TikTok Competitor Dubsmash

“Both Reddit and Dubsmash share a deep-rooted respect for how communities come together,” said Reddit CEO Steve Huffman. “Dubsmash elevates underrepresented creators, while Reddit fosters a sense of community and belonging across thousands of different topics and passions. It’s clear that our missions closely align and that our community-focused platforms can coexist and grow as we learn from each other.” While Dubsmash launched as a creation tool for lip-synching videos in 2015, its founders retooled the offering two years later to add social media elements. It has since emerged as a strong competitor in the growing social video app market, which is dominated by TikTok (with 100 million monthly active U.S. users and 2 billion global downloads) but also include...

Reddit Aquires Video Platform Dubsmash

Image sourced from Reddit Reddit is officially set to acquire TikTok rival – Dubsmash. The social news giant says that this deal will bring to key strengths to its platform. First, Dubsmash’s mission is unique among social platforms and is aligned with Reddit’s own mission of bringing community and belonging to everyone in the world. Just as Reddit is a place for content users won’t see anywhere else on the Internet, Dubsmash provides a welcoming platform for creators and users who are under-represented in social media. Second, Reddit says it will integrate Dubsmash’s innovative video creation tools into its own platform, which will empower its creators to express themselves in original and authentic ways. /* custom css */ .tdi_3_f92.td-a-rec-img{ text-align: left; }.tdi_3_f92.td-a-rec-img...