Facebook and Snap both reportedly inquired about acquiring TikTok rival Dubsmash
will be implemented, the threat to TikTok has been enough to send users into a panic about where to make videos and find their favorite creators.
The Information reports that although Dubsmash's acquisition talks with Snap and Facebook occurred in "recent weeks," the discussions are no longer active. A Snap spokesperson told Business Insider in a statement, "We admire the team but aren't in active talks to acquire." Facebook cited company policy of not commenting on "rumor or speculation," but confirmed they're not in "active discussions" with Dubsmash. Dubsmash did not respond to Business Insider's request for comment.
Meanwhile, Facebook and Snap have been working on their own features drawing from TikTok's popular format. Earlier this month, Facebook
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