Earlier quoted context omitted.
It's only absurd if you misunderstand the true intention. They didn't acquire Dubsmash to profit from its technology and users. They acquired Dubsmash to shut it down. Today's social media corporations are so fat with (venture) capital that they can, and do, spend that kind of money just to keep any potential competitors locked out. TikTok, the last social network that became truly big, was launched in 2016, seven ye…
I get buying it for that purpose, but why then kill it? Especially when it is a personal video platform, when Reddit is mostly an anonymous text platform?
Hacksaw Bob: https://m.youtube.com/watch?v=kZtN3XTk5w0 Whole series: https://www.youtube.com/playlist?list=PLOLArO56vjuqhmPDfbLGa...