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.
Accessible travel startup Wheel the World recently raised $6 million in a pre-Series A funding round. Alvaro Silberstein, CEO and co-founder of Wheel the World, joined Cheddar News to explain his company's mission to help people with disabilities and their families have access to travel.
Last year, the minivan only made up 1.8% of auto sales but more and more people are interested in purchasing the comfortable, multi-seater. Cheddar News looks back at the evolution and history of the minivan.
Americans said credit was harder to access last month, according to a survey from the New York branch of the Federal Reserve. The March Survey of Consumer Expectations found that “respondents were more pessimistic about future credit availability as well, with the share of households expecting it will be harder to obtain credit a year from now also rising.”
Wall Street drifted through a muted day of trading Tuesday, with stocks and bonds making modest moves ahead of reports later in the week with the potential to move markets.
