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Tag Archives: Reddit to buy TikTok rival Dubsmash

Reddit to buy TikTok rival Dubsmash


December 14, 2020

Social network firm Reddit said here on Sunday it would buy short-video platform Dubsmash, becoming the latest company to expand in a space dominated by Chinese-owned TikTok. The financial terms of the deal were not disclosed, but a spokeswoman for Reddit said the acquisition was based on a combination of cash and stock. The success of ByteDance’s TikTok has prompted …

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