Reddit is pulling the plug on its TikTok-like platform, Dubsmash, the social network said on Tuesday, just a year after buying it for an undisclosed sum to bolster its video creation tools.
The standaloneapp will not be available for download after February 22, said, as it rolled out new camera and editing features as part of its video tools.
massive success with short-form videos has driven other social networks to incorporate the format on their platforms, with rolling out , , now Platforms, launching reels; and Alphabet’s launching ,
“The Dubsmash team has been accelerating Reddit’s video, so parts of Reddit will feel familiar to Dubsmashers,” the company said in a,
Since, Reddit said it had seen 70 percent growth in overall hours watched, while the number of daily active video viewers rose by over a third.
Viewership for short videos, which the company defines as two seconds or less, has also risen by 50 percent quarter-over-quarter.
© Thomson Reuters 2021