Shutterstock has been disrupting the stock photo market since 2003. Now, Shutterstock has officially sold 1 billion licenses for photos, music, and videos.
Jon Oringer is the Chairman and CEO of Shutterstock. He joins Cheddar after ringing the NYSE Closing Bell to celebrate their big 1 billion milestone.
Jon Oringer says he wants Shutterstock to be wherever the customer is.
When asked if Shutterstock has a future in cryptocurrency and blockchain, Oringer explains Shutterstock has been researching the industry since 2012. Shutterstock already has a ledger with extensive purchase history information.
Apple posted better-than-expected profit and revenue in the latest quarter but said sales dropped for the fourth straight quarter, including a drop in revenue for iPads and iMacs.
The Federal Trade Commission is accusing Amazon of using an algorithm to raise prices for some of its products, thereby causing other shopping sites to do the same.
Customers fell for Starbucks' fall menu in the fiscal fourth quarter, with Pumpkin Spice Lattes and apple croissants helping the company achieve record revenue.
