- Social network firm Reddit would buy short-video platform Dubsmash, becoming the latest company to expand in a space dominated by Chinese-owned TikTok.
- The success of ByteDance's TikTok has prompted many social media companies to add short-video services to their platforms, with Snapchat Inc rolling out "Spotlight" in November and Facebook Inc launching "Instagram Reels" earlier this year.
- The deal would give its users, who can already upload and stream videos, access to Dubsmash's editing and short-video creation tools. Dubsmash would maintain its own platform and brand.