Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Alphabet Inc.
  6. News
  7. Summary
    GOOGL   US02079K3059

ALPHABET INC.

(GOOGL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Reddit to shut down Dubsmash app, integrate video tools with platform

11/23/2021 | 12:18pm EST

Nov 23 (Reuters) - 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 standalone Dubsmash app will not be available for download after Feb. 22, Reddit said, as it rolled out new camera and editing features as part of its video tools.

TikTok's massive success with short-form videos has driven other social networks to incorporate the format on their platforms, with Snap Inc rolling out Spotlight; Facebook, now Meta Platforms, launching Instagram Reels; and Alphabet's YouTube launching Shorts.

"The Dubsmash team has been accelerating Reddit's video, so parts of Reddit will feel familiar to Dubsmashers," the company said in a blogpost https://www.redditinc.com/blog/bringing-more-of-dubsmash-to-reddit-by-launching-new-video-features.

Since Dubsmash's acquisition, Reddit said it had seen 70% 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% quarter-over-quarter.

(Reporting by Akash Sriram in Bengaluru; Editing by Anil D'Silva)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 3.37% 2667.02 Delayed Quote.-10.94%
META PLATFORMS, INC. 2.40% 301.71 Delayed Quote.-12.40%
All news about ALPHABET INC.
04:48pApple's stock racks up biggest one-day gain since July 2020
RE
04:43pS&P 500 Posts 0.8% Weekly Gain, Marking First Positive Week of 2022, Thanks to Friday J..
MT
11:56aGOOGLE LOSES BID TO TOPPLE $112 MLN : Bloomberg
MT
11:54aBargain hunters study stock valuations after big declines
RE
10:32aCredit Suisse Lowers Alphabet's PT to $3,400 from $3,450, Lowers Q4 Earnings Estimates;..
MT
09:55aWALL STREET STOCK EXCHANGE : US inflation figures and earnings reassure investors
09:43aALPHABET A : Credit Suisse remains its Buy rating
MD
06:12aIndian Benchmarks Close the Week in Red; NTPC Jumps 4%
MT
05:39aIndian shares end lower for second week; IT stocks rebound
RE
05:36aIndian shares end lower for second week; IT stocks rebound
RE
More news
Analyst Recommendations on ALPHABET INC.
More recommendations
Financials (USD)
Sales 2021 254 B - -
Net income 2021 73 297 M - -
Net cash 2021 137 B - -
P/E ratio 2021 24,7x
Yield 2021 -
Capitalization 1 770 B 1 770 B -
EV / Sales 2021 6,42x
EV / Sales 2022 5,37x
Nbr of Employees 150 028
Free-Float 93,1%
Chart ALPHABET INC.
Duration : Period :
Alphabet Inc. Technical Analysis Chart | GOOGL | US02079K3059 | MarketScreener
Technical analysis trends ALPHABET INC.
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 47
Last Close Price 2 667,02 $
Average target price 3 365,86 $
Spread / Average Target 26,2%
EPS Revisions
Managers and Directors
Sundar Pichai Chief Executive Officer & Director
Ruth M. Porat Chief Financial Officer & Senior Vice President
John LeRoy Hennessy Chairman
John L Doerr Independent Director
Ann Mather Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ALPHABET INC.-10.94%1 713 315
BAIDU, INC.-3.40%50 026
NAVER CORPORATION-18.10%37 545
Z HOLDINGS CORPORATION-18.64%35 731
YANDEX N.V.-28.84%15 431
SOGOU INC.9.82%3 471