Reddit Inc. stated on Monday that it acquired the video sharing app Dubsmash to extend its presence in one of the busiest corners of the internet: user-created video.Reddit of fifteen years says Dubsmash-along with its free app for sharing and creating user-generated content-is its first main acquisition; financial terms of the cash-and-stock deal weren’t revealed.San Francisco-based Reddit is best recognised for its message boards on millions of subjects and its “ask me anything” digital town halls with celebrities, politicians and numerous experts. Earlier this month, the social-media company revealed for the first time that it had roughly an average of 52 million users as of October, up 44% from the previous year.