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Dubsmash Coming Through Reddit To Replace TikTok

News Link: Dubsmash Coming Through Reddit To Replace TikTok – by MK (Editor)

Social network firm Reddit said here on Sunday it would buy short-video platform Dubsmash. That becoming the latest company to expand in a space dominated by Chinese-owned TikTok.

The financial terms of the deal were not disclosed. A spokeswoman for Reddit said the acquisition was based on a combination of cash and stock.

The success of ByteDance’s TikTok has prompted many social media companies to add short-video services to their platforms. With Snapchat Inc rolling out “Spotlight” in November and Facebook Inc launching “Instagram Reels” earlier this year.

Reddit said in a blog post that the deal would give its users, who can already upload and stream videos. Can also access to Dubsmash’s editing and short-video creation tools.

The San Francisco-based company added that Dubsmash would maintain its own platform and brand.

Dubsmash’s entire team, including co-founders Suchit Dash, Jonas Drüppel and Tim Specht, will join Reddit.

Read More News at Entertainment Segment

News Link: Dubsmash Coming Through Reddit To Replace TikTok – by MK (Editor)

Reddit said in a blog post that the deal would give its users, who can already upload and stream videos. Can also access to Dubsmash’s editing and short-video creation tools.

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