Billy Gallagher, author of 'How to Turn Down a Billion Dollars: The Snapchat Story," sits down with Cheddar's Alex Heath to discuss the book that looks at how the company was founded.
Gallagher was in a fraternity with Snapchat CEO and co-founder Evan Spiegel. The book digs deep into how the social media company began and the rise of its now famous creator.
Gallagher also offers his insight into Snap's future after the company reported strong earnings earlier this week.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
