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Reddit Acquires Short-form Video Social Platform Dubsmash Dec 14 2020 · 11:50 UTC by Steve Muchoki · 3 min read Photo: Depositphotos You have successfully joined our subscriber list. Steve Huffman, CEO of Reddit, said that Dubsmash and Reddit share some common ideologies thus making the acquisition very strategic in their future growth prospects. American social news platform Reddit Inc has acquired a New York-based video-sharing social media platform Dubsmash. The acquisition of Dubsmash by Reddit is a strategic move for both entities to thrive in the highly competitive social media mar...

Reddit acquires Dubsmash Reddit announced that it has acquired short video platform Dubsmash. The deal’s terms were undisclosed. Dubsmash will retain its own platform and brand, and Reddit will integrate its video creation tools. Its leadership team, Suchit Dash, Jonas Drüppel and Tim Specht, will join Reddit. [Edited: While Reddit’s post referred to Dash, Drüppel and Specht as Dubsmash’s co-founders, it was actually founded by Drüppel, Roland Grenke and Daniel Taschik.] According to Crunchbase data, the app has raised $20.2 million from investors including Lowercase Capital, Index V...

» Reddit is buying short-form video platform Dubsmash, becoming the latest social media sites to edge its way into a market dominated by TikTok Reddit is buying short-form video platform Dubsmash, becoming the latest social media sites to edge its way into a market dominated by TikTok Reuters,Grace DeanDec 14, 2020, 19:57 IST Reddit is buying social media platforms continue to expand into the short-form video space currently dominated by TikTok. The deal will give Reddit users access to Dubsmash's editing and short-video creation tools, but Dubsmash will still maintain its own platform and...

Before TikTok’s boom, there was this app called Dubsmash for lip-syncing and making short videos. It lost its charm while the short-video sharing platform, TikTok grew. The growth prompted many social media companies, including YouTube, Snapchat, and Instagram to add TikTok-like features to their apps. Now, it looks like Reddit is all set to introduce its TikTok-rival as it has acquired Dubsmash. The financial terms of the deal were not disclosed, but a spokeswoman for Reddit said the acquisition was based on a combination of cash and stock. Reddit announced the development in a blog post...

Reddit Buys TikTok Rival Dubsmash Reddit has acquired short-form social video platform” and TikTok competitor Dubsmash. Dubsmash enables more than one billion video views per month. The app will continue to operate as a separate platform and brand, but its “innovative video creation tools” will also be integrated into Reddit. According to Reddit, Dubsmash’s communities are “driven by young, diverse creators.” About 25% of all Black teens in the U.S. are on Dubsmash, and females represent 70% of users. 30% of users log in every day to create videos , indicating a high level of rete...