Vero is the hottest new social network in the app store. It claimed the number one spot this week and has been downloaded more than one million times. Taylor Lorenz, Tech Culture Reporter at The Daily Beast was with us to discuss why it has become so popular.
Vero surpassed 1 million downloads, but a handful of users are already calling for others to abandon the app due to the controversial past of its Founder and CEO, Ayman Hariri. Hariri served as deputy CEO and Vice Chairman of his family's construction company, Saudi Oger. During his time there, over 31,000 complaints of non-payment for wages were filed against the company. However, there have been no accusations against Vero.
Vero's success could suggest user frustration with Facebook and Instagram as users search for a social media platform without a flood of ads or algorithm-driven content. Vero planned to monetize through a subscription model, but lack of transparency and details have caused users to become skeptical.
Cheddar News checks in to see what to look out for on The Day Ahead as earnings continue with reports from Gap, Best Buy, Costco Wholesale and Ulta Beauty while key economic data is also due to be released. It's also National Wine Day on Thursday.
Over 1,400 props from classic movies like Star Wars, Shawshank Redemption and Gladiator will be up for auction next month in what experts say will be one of the largest memorabilia auctions in the world.
