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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 Ventures, Lowercase Capital and Sunstone Life, per Crunchbase. Dubsmash claims its app generates more than 1 […]

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