Reining In Big Tech
Amazon, Apple, Facebook and Google continue to be in the antitrust crosshairs of regulators at home and abroad. According to Business Insider, European legislators were set to unveil a raft of new policy proposals Tuesday designed to curb the influence of the tech giants this week. The Digital Services Act and Digital Markets Act could have serious consequences for the world s biggest tech companies. Even though there s a way to go before either the DSA or DMA are actually implemented, legislators are expected to throw down the gauntlet with a bold mission statement for the future of the internet. Meanwhile, The New York Times – citing a leaked document reports that Google is planning to undermine new legislation that could severely damage its digital advertising business by attempting to erode support within Europe to complicate the policymaking process. For many officials in Brussels, the document confirmed what they had long suspected: Google and other Ame
Reddit to buy TikTok rival Dubsmash Reuters Reuters
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 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.
Reddit said in a blog post that the deal would give its users, who can already upload and stream videos, access to Dubsmash s editing and short-video creation tools.
Reddit acquires short-video platform Dubsmash
Back on 2014-2015, one of the most popular apps in the social media space was Dubsmash, a video sharing platform that took the internet by storm thanks to innovative short creative format. Reddit has now announced their acquisition of Dubsmash, bringing over the platform and its team under Reddit itself.
Dubsmash became extremely popular among social media circles thanks to the myriad of tools it offered to creators for creating really interesting videos. Creating re-enactments of popular movie scenes or songs, combined with the original videos were some of the many examples of content from Dubsmash.
Reddit to buy TikTok rival Dubsmash freemalaysiatoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freemalaysiatoday.com Daily Mail and Mail on Sunday newspapers.
Reddit is buying TikTok rival Dubsmash
By
Charles Riley, CNN Business
Published Dec 14, 2020 11:45:27 PM
enablePagination: false Photo courtesy: Gabby Jones/Bloomberg/Getty Images
(CNN) Message board juggernaut Reddit is accelerating its push into video, snapping up a sharing platform that is popular with young people and women.
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. About 25% of Black teens in the United States use the app. Women make up 70% of Dubsmash users, and roughly 30% of users log in every day, according to Reddit.