Privacy Was The Priority For Its Builder

1. Privacy was the priority Privacy was the priority for its builder for its builder Vero means “truth” in Latin (and Esperanto and Italian). It’s now the one of the number-one free app in Google Play and ranks second in the iOS App Store. Designed differently, Vero app promises to provide experience much realistic and contrastingly in a different nature from other renowned social media platforms. It grew from less than 1 million users to nearly 3 million within a short span of time. The surge was unprecedented. Let’s see some facts about this wild card entrant into the tech world. How is Vero different than existing platforms? Privacy was the priority for its builder. Contents like photos, videos and text content that the user shares are not available to any random mix of their friends

2. and followers. User have the power to specifically choose your close friends, acquaintances or just followers with whom he/she can share posts separately or at a time. Second interesting feature is that posts appear in reverse chronological order contrary to traditional algorithmic sorting of posts in platforms like instagram. But tech experts have expressed concern over its sustainability as it lacks own algorithm. The subscription-based business model doesn’t allow revenue generation by using ads making it smooth and organized. Origin Co-founded by Ayman Hariri, the $1.3 billion man of Forbes and his friends, it was launched in 2015. In 2013, Hariri after divesting his shares and exiting the company he co-founded Vero. He conceived the idea of making a social media network that is far from traditional approach and not based on profit making intent. And now he seems to have succeeded as progress of Vero appin social media network and people’s appreciation supports the theory that indicates user’s desire now-a-days to taste something different than facebook, instagram. How is the user experience? As of now reports say that due the sudden flooding of its user arena, the servers gave in and the whole system failed to function properly. Many users have posted complaint for customer support in twitter. The tech team of Vero and himself Ayman said that user number as has been seen in February was unprecedented and came when the app was at its nascent stage. How does an ad-free social platform work? This question is the most important question about the business model of this app. At first, it promised free service indefinitely to its first 1 million users, but it’s extended the offer to a number currently unknown. According to Hariri, they are unprepared to announce the subscription fee now which will be done after taking account of the market facts that influence Vero’s vital business interest. Besides this there are other revenue streams are available in this app. It has been designed to provide a marketplace for entrepreneurs, wherein the company charges a transaction fee to merchants if they sell via its new “Buy Now” feature.

3. Vero posts are used to sell products by various brands and sellers which is the core function of Buy Now feature. Brands are allowed to create their accounts on Vero app and when Vero ensures that these entities are capable of doing business on its platform, they are allowed to list their products and share posts. For More Information Visit Here: https://www.cnbc.com/2018/03/27/lebanese- billionaire-ayman-hariri-anti-facebook-social-startup-vero.html