Reddit to acquire Dubsmash.

Reddit, a social network, is set to acquire Dubsmash, a short-video platform. Financial terms were not disclosed. “Both Reddit and Dubsmash share a deep rooted respect for how communities come together. Dubsmash elevates under-represented creators, while Reddit fosters a sense of community and belonging across thousands of different topics and passions. It’s clear that our missions closely align and that our community-focused platforms can coexist and grow as we learn from each other,” Steve Huffman, Reddit CEO.