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Mark Cuban Makes Another Investment In Black-Led Edtech Company Beanstack

Black-owned edtech company Beanstack has secured another investment from Mark Cuban. The platform was launched in 2013 by Felix Brandon Lloyd (CEO) and Jordan Lloyd Booke, a husband-and-wife duo with extensive backgrounds in education. Booke served as Google’s head of K-12 education outreach from 2011 to 2013, while Lloyd worked as a teacher and dean at the SEED Public Charter School for seven years. The idea for Beanstack was sparked while they were reading to their 2-year-old son, inspiring them to focus on increasing literacy rates. “The early idea for our company came one night when [me and Jordan] were reading a book to our 2-year-old son and soon-to-be big brother,” Lloyd told AFROTECH™ in a previous interview. “He pointed to biracial characters on the page that looked like him and said, ‘That’s me, and that’s little sister.’ The power of reading was so clear. We immediately decided to put our backgrounds in education to work on a new business idea.” Beanstack initially...

Jan 23, 2025

Kevin Hart Steps In As CEO Of HARTBEAT Production Company Amid Leadership Shakeup

Kevin Hart has taken over as CEO of his production company, HARTBEAT, marking the third leadership change in less than two years. According to Bloomberg, Hart stepped in just before Thanksgiving 2024 following a series of layoffs that impacted around 20 employees, nearly one-quarter of the company’s workforce. Shortly after the layoffs, CEO Jay Levine, Chief Financial Officer DJ Jacobs, and Chief Content Officer Brandon Smiley departed amicably due to disagreements about the company’s direction. HARTBEAT is a global, multi-platform media company dedicated to creating entertainment that blends comedy and culture. The company produces films, TV shows, audio series, and branded content. Founded in 2009, Hart merged his two high-growth, profitable companies, Laugh Out Loud and HartBeat Productions, to form the current entity in 2022, per a press release. HARTBEAT was launched with a $100 million investment from the private equity firm Abry Partners, which took a minority stake in the...

Jan 22, 2025

President Donald Trump Believes The US Is Entitled To 50% Ownership Of TikTok After Extending Ban By 75 Days

TikTok will remain operational for at least another 75 days following an order from President Donald Trump. On Monday, Jan. 19, 2025, during his first day in office , Trump — who has the authority to delay the ban for up to 90 days — ordered the federal government to pause enforcing the law that would ban TikTok nationwide, according to Forbes. The move gives ByteDance, the China-based owner of TikTok, more time to sell a stake in the platform or reach a deal with Trump. After signing the executive order, Trump said he believes the U.S. is entitled to 50% of TikTok and warned China that blocking any deal he may make would be considered an act of “hostility” and lead him to impose tariffs ranging from 25% to 100%, per Forbes. On Sunday, Jan. 20, Trump had promised to sign an executive order on Monday rescinding the ban, prompting TikTok to restore service for its more than 170 million American users after it initially took the app dark the night before. STATEMENT FROM TIKTOK: In...

Jan 21, 2025

Mellody Hobson Ends 20-Year Board Tenure At Starbucks And Vows To Remain A 'Steadfast Investor'

Mellody Hobson is exiting her board role at Starbucks. Hobson is well regarded for her efforts at Ariel Investments, a global value-based asset management firm, where she is responsible for management, strategic planning, and growth beyond research and portfolio management as co-CEO and president, her LinkedIn mentions . In 2021, Hobson launched Ariel Alternatives, LLC, leading to a $1.45 billion raise for its private equity fund, Project Black. This initiative aims to support both non-minority-owned middle-market companies and those currently owned by Black and Latino entrepreneurs that generate $100 million to $1 billion in revenue, as AFROTECH™ previously reported. With funding, these companies would then be expected to transform into certified minority business enterprises of scale to serve as Tier 1 suppliers to the Fortune 500. Hobson has also been tied to various corporate boardrooms. She was a board member of the Estée Lauder Companies and chairman of the board of DreamWorks...

Jan 17, 2025

Supreme Court Upholds Law That Would Ban TikTok In The US Unless Its Parent Company Sells

The Supreme Court upholds the U.S. bill that would essentially ban TikTok. As AFROTECH™ previously reported, the Court demonstrated that it was “likely” to rule in favor of banning the application owned by ByteDance. A ban would result in the app no longer being available in the Apple App Store or Google Play Store, and over time U.S. users who have already downloaded the app would no longer be able to make system updates. TikTok has said the app would be wiped from phones if the ban is enforced. The Supreme Court’s stance supports a bipartisan bill that had been signed in April 2024 by President Joe Biden requiring ByteDance to sell TikTok to a U.S.-based company or face a ban of the app, according to NPR. There were national security concerns by the president and Congress surrounding China’s data access and the spreading of misinformation. TikTok is not in favor of the ban that would go into effect Sunday, Jan. 19, as its owners believe a ban restricts free speech. “The Supreme...

Jan 17, 2025

Serena Ventures Participates In $10M Seed Funding Round For Women's Telehealth Startup Behind At-Home Device For Cervical Cancer Screening

Serena Williams is supporting innovation in women’s health. Teal Health The tennis star has aligned herself with Teal Health, a women’s health startup founded by Kara Egan (CEO) and Dr. Avnesh Thakor in 2020. According to the company website, Teal Health’s inception trickles back to Thakor’s medical experiences over the years. He observed insufficient innovation around cervical cancer screenings and created a self-collect prototype. With Egan’s two decades of experience in finance, health, and technology, the company was formed with the vision to develop an at-home self-collect cervical cancer screening kit, currently under FDA review. A user can start by requesting a kit, which initiates a vetting process to confirm eligibility. Once approved, the kit will be delivered to your home for sample collection. The sample is then mailed to a lab, and results are shared through Teal Health’s application. Users also have the option to speak with a provider for additional support. Teal...

Jan 16, 2025

These Are The Platforms Users Are Potentially Heading To Next If TikTok Gets Banned In The US

Users are already looking to find new social homes to replace TikTok. Is TikTok Going Away? As AFROTECH™ previously told you, the platform is on the brink of a potential ban following President Joe Biden’s signing of a law in April 2024, which requires ByteDance, the owner of TikTok, to sell the platform to a U.S.-based company within a year “For years, the Chinese government has sought to build detailed profiles about Americans – where we live and work, who are friends and coworkers are, what our interests are, and what our vices are,” Elizabeth Barchas Prelogar, the 48th Solicitor General of the United States, told the Supreme Court during a hearing on Friday Jan. 10, 2025, according to CNN. She also stated TikTok’s “immense data set” gives China “a powerful tool for harassment, recruitment and espionage.” If ByteDance refuses those terms, the application will no longer be available in the United States on Jan. 19, 2025. “Absent such relief, the Act will take effect on Jan. 19,...

Jan 13, 2025

Supreme Court Seems 'Likely' To Uphold TikTok Ban, Which Could Soon Make It Unavailable In The U.S.

The days of TikTok in the United States may be numbered. CNN reported on Friday, Jan. 10, 2025, that after more than two hours of oral arguments from TikTok lawyers, users, and representatives of the Biden administration, a majority of the conservative-majority Supreme Court appeared likely to uphold the ban . The court’s reasoning focused less on First Amendment implications and more on addressing the potential foreign control of an app used by 170 million Americans. On April 24, 2024, President Joe Biden signed a law mandating that ByteDance sell TikTok to a U.S. company within a year or face a ban due to concerns about the app’s ties to China. Currently, the app is slated to be unavailable in the U.S. starting Jan. 19, 2025. Friday’s Supreme Court hearing came a day after Kevin O’Leary and Frank McCourt entered the race to acquire TikTok, as reported by Fortune. On Thursday, Jan. 9, 2025, a group of investors, including “Shark Tank” star O’Leary, McCourt, and his nonprofit...

Jan 10, 2025

NPower's Path2TECH Program Is Supporting BIPOC Women In Leveraging Their Skills To Become Leaders In Tech

There is no right or wrong pathway to fulfilling your dreams. With so many options, from traditional education to finding resources on apps like YouTube and TikTok, people have several ways they can tap into how they begin or pivot into the working path of their dreams. Within this ecosystem are also groups providing traditional education alternatives like accelerators and development programs that allow people from diverse backgrounds to have a leg up in industries. NPower exists within this ecosystem and is doing its part to ensure those who want access to tech have it. According to the company website, NPower’s mission is to “create pathways to economic prosperity by launching digital careers for military veterans and young adults from underserved communities.” However, there are nuanced hurdles that women experience, leading the company to launch Command Shift. The goal is to increase the number of women entering the tech industry by focusing on three key areas: attract and...

Nov 5, 2024

After Catapulting An Instagram Page From 300K To 2.2M, Nicky Saunders Has Tips To Help You Grow Your Digital Footprint

Nicky Saunders has tips and tricks to scale your digital presence. Saunders, a content strategist and CEO of Deeper Than The Brand since 2018, understands firsthand what it takes to build online. Called “the voice of content branding,” her platform offers helpful content creation suggestions that can be beneficial to businesses and content creators. Of late, she has heavily geared content around the various ways technology can be a resource, such as using an iPhone to edit live photos or artificial intelligence (AI) tools like ChatGPT or Opus Clip. The latter allows users to repurpose long videos into shorter clips with one click, per its website. View this post on Instagram A post shared by Nicky Saunders | The Voice Of Content Branding 🏁🦁🏁 1 of 1 (@thisisnickys) Thanks to her expertise, Saunders has built an online following of 12,000 subscribers via YouTube while impressing on Instagram with 187,000 followers at the time of this writing. Screenshot taken via Instagram /...

Oct 9, 2024

Tel-Aviv-Based Political Marketing Firm Reportedly Created Fake Social Media Accounts Aimed At Majority Black And Democrat US Lawmakers Concerning Gaza War

The Israeli government reportedly commissioned a campaign in 2023 that included social media accounts targeting Black U.S. lawmakers. The New York Times reported that, in October 2023, Israel’s Ministry of Diaspora Affairs paid $2 million to Stoic, a Tel Aviv, Israel-based political marketing firm, to push pro-Israel content on social media at a time when many Americans were concerned for Palestinian civilians during the war in Gaza. The outlet details that Stoic created fake accounts in support of Israel across X (formerly Twitter), Facebook, and Instagram that focused on over a dozen majority Black and Democrat U.S. lawmakers, including Representative Hakeem Jeffries of New York and U.S. Senator Raphael Warnock of Georgia. ChatGPT was mainly used to create the fake accounts’ posts, which asked for the politicians to fund Israel’s military, per the outlet. In addition to fake social media accounts, Stoic reportedly created fake websites and articles. In May 2024, NBC News reported...

Jul 29, 2024

Viola Carmona Created Tussle, A Livestream Platform, Following Her Experiences With Her Peers Who Needed Help Managing Their Earnings From TikTok

As the future of short-form video-hosting platform TikTok remains uncertain, one user is already creating a new home for creators. Viola Carmona is the founder of Tussle, an emerging livestream platform described as “the ultimate battle app” for creators to thrive. Carmona told AFROTECH™ that t he concept emerged following the experiences of her online peers who needed help with their earnings from TikTok through livestreams. TikTok’s Live feature, launched in 2019, allows creators to earn virtual gifts in the form of diamonds from supporters to earn revenue, the company website mentions. The more creators utilize this feature, the more they can be rewarded. Per TikTok, creators can earn a 50% split with the company following deductions for “the required payments to app stores, payment processors, and any other adjustment required under our terms and policies.” In December 2023, a report revealed that TikTok has generated $10 billion in total global consumer spending, and users have...

Mar 21, 2024

Chilean Man Vanishes After Receiving 330 Times His Salary On His Paycheck

A paycheck mixup might have just changed the course of one man’s life forever. After a mistake made by a Chilean company’s human resources department, one employee got access to funds he’d never seen before. According to Fortune, an unnamed worker at Consorcio Industrial de Alimentos (Cial) — a producer of cold cuts — received 330 times the amount he is normally paid during a pay period. What usually equals out to 500,000 Chilean pesos (about $555) on the paycheck ended up being $165,398,851 (which is $183,593). For context, in Chile, the average amount that a worker takes home equals roughly $1,000 per month. After reporting the error to his manager, it was discovered that the overpayment was due to a mixup by the HR department. The worker was then told to hit up his bank in order to begin the return process for the funds, which he promised to do the next day… he did not fulfill that promise. While, he did indeed head over to the bank, the man — who has not been publicly named —...

Jul 6, 2022

Why Artists May See Very Little Royalties From Yo Gotti's #DollaFoDolla Challenge

If artists aren’t cautious, record labels may be able to “rake it up” off of the strength of a musician’s creativity. Over the weekend, Memphis rapper Yo Gotti released his eleventh studio album “CM10: Free Game,” which includes 22 songs and additional releases from other artists including EST Gee, 42 Dugg, Moneybagg Yo, Kodak Black, Blac Youngsta, Shenseea, and 10Percent. Some fans have speculated that the recent project is actually the last album we’ll get from the rapper. According to Complex, along with the release of the new project, Yo Gotti is allowing aspiring artists to record a verse on his latest track, “Dolla Fo’ Dolla.” He says that from there, the artist can do whatever they please with the new version of the song. “You make the paper from it, I ain’t even trippin’,” he said regarding the news, which is through a partnership with Equity Distribution. “I own the masters of my record, I can do that shit for you. No label would ever do no sh-t like this.” While this...

Feb 9, 2022

OnlyFans Adds New App With The Same Creators Minus The Nudity

OnlyFans is no longer just only for adult content. The streaming service wants a new reputation that pushes a different agenda for its creators — starting with its app. According to several reports, OnlyFans — which has only previously been accessible through its website — created a brand-new app earlier this year that offers videos with some of its biggest creators. What comes as a surprise from the notoriously explicit platform is that its new app shows no nudity. That’s right, OnlyFans is getting wholesome to add its services to Apple and Google app stores. The ad-free app is called “OFTV” and it officially launched back in January, but this week OnlyFans says that it’s marketing the app to attract those who aren’t already subscribed to the streaming service. It reportedly offers a library of over 800 videos that includes original content from chefs, yoga instructors, podcasters and more. It even features an original series called “Unlocked” that shares conversations with...

Aug 18, 2021