Reddit snaps up TikTok rival Dubsmash
Los Angeles (AFP) - Reddit has acquired the Tik Tok-like app Dubsmash, both companies said Sunday, as big tech moves to carve out territory in the lucrative short-form video-sharing market. In a statement, Reddit said it had been drawn to Dubsmash -- which reports over a billion video views a month -- because of its commitment to diversity and promoting under-represented voices. "Both Reddit and Dubsmash share a deep rooted respect for how communities come together," Reddit CEO Steve Huffman said. "Dubsmash elevates under-represented creators, while Reddit fosters a sense of community and belo...