Reddit acquires Dubsmash and enters the short video market

We probably wouldn’t have survived 2020 if not for those funny and entertaining short videos on many platforms like TikTok. Instagram introduced its new Reels feature this year to get a piece of the short video pie. Now, Reddit is entering the market by acquiring TikTok‘s rival, Dubsmash. The company said today it’s purchasing the short video app, without specifying the terms of the deal. Dubsmash was founded in 2015, and despite TikTok’s emergence, has grown a