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Calif., San Jose, Dec 14, 2020: Communities based social media platform Reddit has acquired short-form video social platform Dubsmash. The details of the deal have not been disclosed. In 2017, Reddit launched its first native video platform and now looking at the future growth Reddit want to expand in this area and dubsmash acquisition is just one of the example. Reddit in its press release said, "Video is increasingly core to how people want to connect, and as we continue to grow our community, we’re committed to providing the best possible tools users need to find, create, and interact with one another through video. " After this acquisition, Reddit will integrate Dubsmash’s innovative video creation tools, which empower Reddit’s own creators to express themselves thr...

TikTok, the short video making app will contribute $250 million to coronavirus relief efforts around the world. The Chinese-based firm said the funds would be for "front line medical workers, educators, and local communities deeply affected by the global crisis." "We are committed to playing our part in that global outpouring of mutual support and giving," TikTok president Alex Zhu said in a statement."We want to magnify all we are seeing across our community and translate it into concrete relief for those most affected by this crisis." TikTok said USD 150 million of the funds would be allocated for medical staffing, supplies, and hardship relief for health care workers through the US Centers for Disease Control, World Health Organization, and agencies working to distribute suppl...

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TikTok pledges USD 250 mn for COVID-19 Relief