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.
Vanguard's "How America Saves" report analyzes U.S. retirement trends, focusing on 401(k) plans, including automatic enrollment and contribution rates.
Amazon says it had its best Prime Day sales event ever this week with $14.2 billion spent online on Tuesday and Wednesday, up 11% compared to last year.