Reddit buys TikTok rival, Dubsmash
December 15, 2020- Share:
Reddit has acquired Dubsmash, which offers a short-form video app that competes with TikTok. Dubsmash will operate as a separate entity under Reddit, but its video creation tools will be integrated into Reddit's platform. In 2016, New York-based Dubsmash was valued at €44.1 million (about $53.6 million), according to a PitchBook estimate; its investors include Index Ventures, Eniac Ventures and Lowercase Capital.
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