Reddit, a social media news site are planning to acquire Dubsmash, a video social media platform in order to grow their brand and to compete against TikTok.

One of the founders of Reddit, Steve Huffman says “Dubsmash elevates under-represented 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.”

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