Reddit Buys Short-Form Video Platform Dubsmash, Its First Major Acquisition

Reddit announced the acquisition of Dubsmash, a TikTok-like short-form video app whose mission is to “elevate underrepresented creators.” Terms of the deal weren’t disclosed. Dubsmash, founded in 2015, raised $ 20.2 million from investors including Eniac Ventures, Heartcore Capital, Index … Read more…