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.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
