Shira Lazar Talks Troubles Facing Popular App HQ Trivia
HQ Trivia has become one of the most popular gaming apps seemingly overnight, with 680,000 tuning into Sunday night's livestream for a chance to win money. Shira Lazar of "What's Trending" sits down with Alyssa Julya Smith in Los Angeles to analyze some of the recent troubles with the app's founders.
At least three prominent investors reportedly have decided against funding the startup after finding troubling conduct on the part of the founders. The investors sited concern with how HQ's founder Colin Kroll managed people during his time at Twitter.
Lazar says that a lack of direction for long-term success is another reason investor are hesitant to help the company raise the $100 million they need to bring the app to the next level. She also touches on the future of livestreaming and how the short 10-minute live game times are changing the way people consume live content on their mobile phones.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to explain how investors are bracing for interest rate hikes after last week's inflation report and ahead of the Fed's upcoming meeting. Wellenbach also discussed how traders are taking advantage of volatility as earnings season continues and amid geopolitical conflicts.
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