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A venture capital firm founder has launched a lawsuit against PayPal, alleging that the company’s diversity and equity program excluded her because she is Asian. Nisha Desai, the founder of Andav Capital, claims she applied for consideration in a $530 million financial commitment PayPal announced in 2020 to support Black- and minority-owned businesses , TechCrunch reported. However, she asserts that she was overlooked due to her Asian heritage, as the program primarily focused on supporting Black- and Hispanic-led enterprises. “Funds majority-owned by individuals of other races, including Asian Americans, are not given equal consideration,” Desai stated in the New York lawsuit, per the outlet. “Worse, PayPal and its senior management have repeatedly trumpeted the program’s focus on race, bragging in statements and press releases that PayPal’s program is for some races and ethnicities and not others.” Desai claims that PayPal has violated Section 1981 of the Civil Rights Act of 1866,...
TikTok is aiming to diversify the cybersecurity industry with its latest initiative. To make it happen, the social media giant has teamed up with Cyversity — a platform that connects minorities and underrepresented individuals to opportunities — for #SeeYourselfinCyber, according to a blog post. Cybersecurity Ventures revealed that there are more than 3.5 million cybersecurity jobs unfilled. With the new initiative, TikTok will work to not only help bring representation but also will educate and empower. “TikTok is helping us tackle the need for more cybersecurity professionals, specifically in the disproportionate underrepresentation of women and minority populations,” said Beverly Benson, Executive Director at Cyversity , according to the blog post. “Individuals from underserved communities will be able to receive training for in-demand security roles through this innovative program.” The program is set to award 50 students with a scholarship that represents “part of the...