Technology • Internet & Web
Reddit is buying TikTok rival Dubsmash
Reddit Logo
Reddit Logo Credit: Reddit

Reddit said in a statement on Sunday that it has acquired TikTok rival Dubsmash. It did not disclose the financial terms of the deal. Dubsmash allows users to create and share video content, and it's especially popular with young, diverse audiences.

Dubsmash's three co-founders, Suchit Dash, Jonas Drüppel, and Tim Specht, will be joining Reddit with immediate effect.