Reddit acquires short video platform Dubsmash in cash & stock deal

In a statement social network firm Reddit said, it would acquire TikTok rival short-video platform Dubsmash. Although Reddit did not disclose the financial terms of the deal its spokeswoman said the acquisition was based on a combination of cash and stock. TikTok’s proliferance has led many social media companies to add short-video services to their…

U.S. tech firms collaborating to combat Wuhan coronavirus misinformation

In a joint statement, U.S. technology companies, including Alphabet’s Google, Microsoft Corp, Twitter, Facebook, LinkedIn, Reddit, and YouTube are working together to quell misinformation about the coronavirus on their platforms. The companies said they were coordination with government healthcare agencies around the world to share critical updates about the Wuhan coronavirus. According to Johns Hopkins…