Ben Anderson, CEO and co-founder of Amino Apps, discusses the growth of his company and the app's impressive user statistics. Amino Apps allows users to create an online community dedicated to one topic.
Anderson says members have created over one million communities in the last 18 months. He says one of the largest communities is for Korean pop music, or K-Pop. On average, users spend 70 minutes a day on the app.
Amino Apps is introducing Avatar Chat, which allows users to video chat using animated avatars.
As inflation-weary consumers cut back on dining out, brands like McDonald’s are relying more heavily on celebrity and influencer endorsements to move the needle
Plus, Starbucks reported its first quarter of declining sales and earnings since the pandemic, Biden tries to tackle the national debt and Warren Buffett is set to host the annual meeting of his investment firm Berkshire Hathaway.