Social media app Vero seemed to gain massive popularity overnight, and the #DeleteVero campaign came just as quick.
But CEO Ayman Hariri told Cheddar the backlash is over “incorrect information.”
“The things that transpired [at my old company] happened after I left,” he said.
Hariri, son of former Lebanese Prime Minister Rafic Hariri, has come under fire for alleged human rights violations at a now-shuttered Saudi Arabian construction company where he once served as deputy CEO.
Tens of thousands of workers at the family-run business reportedly filed complaints of unpaid wages, but Hariri, who left the firm in 2013, denied any involvement.
Vero was launched in 2015, but catapulted to the top of Apple’s app store in the past week. It reimagines Instagram by removing the square-image restrictions, making it a major draw for photographers. It’s also free of ads and allows users to post more than just images and videos.
“You can share anything from your camera roll. You can share any link to anything online. You can share any song, any movie or TV show, any book, and any place,” Hariri explained.
For the full interview, [click here](https://cheddar.com/videos/vero-founder-and-ceo-addresses-controversy-over-past-company-and-deletevero).
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
