Meta is set to unveil its latest app Threads this week, which mimics Twitter.
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Credible.com Promises to Make Refinancing Your Mortgage Easy
Credible.com is revamping how people refinance their mortgages ー in the time it takes to download an app. The platform has launched what it calls a modern mortgage marketplace, providing users with real-time rates from multiple lenders. Stephen Dash, founder and CEO of Credible.com, said it was time to rebuild the mortgage shopping and application process.
Samsung's Catalyst Fund Is on the Hunt for the Next Big Thing
Shankar Chandran, managing director of Samsung Catalyst Fund, told Cheddar at the Web Summit that Samsung is always looking for the next "trillion-dollar opportunity." The gold rush in Silicon Valley is all about data and A.I. now, he said.
VSCO Rides Subscription Boom to 2 Million Paid Users
Photo-editing app VSCO has already hit 2 million paid subscribers after crossing the 1 million subscribers threshold just in the first quarter of 2018. “It’s really a testament to how consumer-driven we are,” VSCO CEO Joel Flory told Cheddar. VSCO charges $20 per year for its subscription, and the business is now operating at break-even, Flory said.
Disney +: When Brand Names Pick Bland Names
Disney unveiled the name of its streaming service, Disney +, and some we're less than impressed. Rich Greenfield, analyst at BTIG, said that may be just fine for Disney.
Need 2 Know: California Shooting Victims, Election Recounts
These are the headlines you Need 2 Know.
Disney Shares Jump After Record Profit
Disney announced earnings for its latest quarter on Thursday, posting better than expected earnings and revenue as the company gets ready to launch its own streaming service to compete with Netflix and Amazon. Disney is also focused on closing its acquisition of 21st Century Fox.
Dating and Politics Go Hand in Hand with OKCupid
OkCupid is getting political. The popular dating app is finding that millennials are prioritizing politics more than ever when looking for a partner in love. Melissa Hobley, CMO of OkCupid, said the app has been asking its users more questions about their political views and using that information to improve their matches.
Roku CEO Unfazed By Stock Drop, Says Future Looks Bright
Despite losing a significant amount in market cap after reporting platform revenue earnings that fell short of Wall Street estimates, Roku CEO Anthony Wood said he isn't worried about the company's long-term prospects. "Our business is just fundamentally strong," Wood said Thursday in an interview on Cheddar.
Transportation is Top of Mind for Many Newly-Elected Officials
Americans seem to agree on at least one thing: no one likes a traffic jam — and congestion is at its all-time worst. Transportation was a prominent subject of this year's midterm elections. Election Day hosted over 300 transportation and infrastructure initiatives on the ballot, and on both the state and local levels, a number of newly-elected officials are now faced with the task of shaping that legislation and policy.
