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Disney shareholders have rejected a proposal that would require it to withdraw from a corporate equality index. According to its website, the Human Rights Campaign Foundation’s Corporate Equality Index (CEI) is intended to uphold LGBTQ+ workplace inclusion through its benchmarking tool that measures “corporate policies, practices, and benefits pertinent to lesbian, gay, bisexual, transgender and queer (LGBTQ+) employees.” “For 22 years, the CEI has served as corporate America’s roadmap for LGBTQ+ workplace inclusion—not as a political statement, but as a framework for building stronger, more competitive businesses where all talent can thrive,” Human Rights Campaign President Kelley Robinson said in a statement shared in its 2025 CEI report. She later added, “The path forward requires courage, commitment, and clarity of purpose. We will continue to serve as a partner on this journey. Together, we’re building not just better workplaces, but a stronger, more competitive, and more...
If you are creating impact as a founder and leader or are a corporate catalyst interested in joining a board, look no further than AFROTECH’s Board Readiness Summit. From 10 a.m. ET to noon ET on March 25, 2025, this virtual event will deliver exclusive insights and strategies to empower you with the tools and confidence to secure a board seat. Landing a post whether for a nonprofit, which is often a good starting point, or for-profit, will require experience and skills such as strategic planning and development, leadership, collaboration and more, Forbes notes. Learn From Nancy Twine To position you for success, discussions will be led by industry leaders, starting with former Goldman Sachs VP Nancy Twine, who launched Briogeo Hair Care in 2013 and turned it into a $100 million business within nearly a decade, according to Forbes. She also made history as the youngest Black woman to launch products at Sephora. The brand went on to land placement at Ulta Beauty. What’s more, Twine...
Allow your money to work for you. Financial experts Carter Cofield and George Acheampong are bridging the gap in financial literacy among Black entrepreneurs and professionals. Through their platform, Melanin Money, they aim to close the $100 billion wealth gap and help their users achieve their first seven-figure net worth, its website notes. As AFROTECH™ previously reported, the platform launched as an e-commerce brand but scaled into a financial social network in 2017. It offers courses on personal finance, wealth building, and entrepreneurship led by educators. In 2024, these workshops reached 20,000 people. “We decided to create this hybrid educational model where every other month we’re basically doing a virtual conference where people who may be not in a position to hire an advisor or are curious if an advisor is right for them, they get to learn our top strategies over the course of five days,” Acheampong said on the “Black Tech Green Money” podcast, which AFROTECH™ Brand...
Apple has a new app on the market. On Tuesday, Feb. 4, 2025, the tech company introduced Apple Invites, which allows Apple device owners to create custom invitations to round up friends and family for any occasion, the tech giant shared in a news release. The app lets users invite friends from their contact list to an event, share the invite with a link, add photos to shared albums, and interact with an Apple Music playlist. “With Apple Invites, an event comes to life from the moment the invitation is created, and users can share lasting memories even after they get together,” Brent Chiu-Watson, Apple’s senior director of worldwide product marketing for apps and iCloud , said. “Apple Invites brings together capabilities our users already know and love across iPhone, iCloud, and Apple Music, making it easy to plan special events.” While an iCloud+ subscription, which starts at 99 cents, is required to create invites, anyone — including Android users — can RSVP and view information...
Target’s shareholders claim they were not aware of the risks posed by the company’s DEI and other social initiatives. As AFROTECH™ previously reported, Target is among a growing list of major corporations that have announced they are scaling back their diversity, equity, and inclusion (DEI) commitments. This has led to the removal of Target’s program that helped Black- and minority-owned businesses secure retail deals, and the company has stated it will no longer share reports with DEI groups. “We remain focused on driving our business by creating a sense of belonging for our team, guests and communities through a commitment to inclusion,” Target said, according to CNN. “Belonging for all is an essential part of our team and culture, helping fuel consumer relevance and business results.” Target’s decision has been met with criticism from shoppers. Some are taking their dollars to allies such as Costco since its board of directors and shareholders agreed to continue their DEI...
Costco shareholders want to uphold DEI policies. As AFROTECH™ previously told you, Costco’s board of directors has requested that its shareholders reject a proposal introduced by the National Center for Public Policy Research (NCPPR) to eliminate its diversity, equity, and inclusion (DEI) programs. The NCPPR argues that upholding DEI efforts should not be permitted due to the Supreme Court’s ruling on affirmative action in June 2023. The ruling struck down race-conscious affirmative action across colleges and universities, NPR notes. However, Costco’s board of directors contends that the NCPPR has an agenda of “abolishing diversity initiatives,” and its critique of Costco’s DEI policy “reflects a policy bias,” according to Fox Business. “Our success at Costco Wholesale has been built on service to our critical stakeholders: employees, members, and suppliers. Our efforts around diversity, equity and inclusion follow our code of ethics: For our employees, these efforts are built...
JPMorgan Chase CEO Jamie Dimon is not backing down from diversity, equity, and inclusion (DEI) commitments. According to Business Insider, Dimon confirmed that the financial services firm will continue to advance its DEI efforts and environmental, social, and corporate governance (ESG) policies despite pressure from the National Legal and Policy Center (NLPC), a conservative nonprofit organization. The NLPC has proposed that JPMorgan reevaluate how executive compensation is linked to the company’s racial equity goal. “Bring them on,” Dimon told CNBC at the World Economic Forum in Davos, Switzerland. “We are going to continue to reach out to the Black community, the Hispanic community, the LGBT community , the veterans community.” In 2020, JPMorgan launched a $30 billion program to promote racial equity in personal finance, which included mortgage refinancing and partnerships with Historically Black Colleges and Universities . The bank also launched an “accountability framework” to...
As American social media users brace for the Jan. 19 TikTok ban , thousands have begun searching for alternative apps to satiate their doom scrolling fix. While many American-based tech CEO’s such as Mark Zuckerberg had hoped that the TikTok ban would encourage users to flock to other short-form video players such as Instagram or YouTube Shorts, it seems that the masses have stumbled onto an unknown gem called Xiaohongshu instead. The app, which translates to RedNote in English, is owned by a Shanghai-based company known as Xingyin Information Technology, and touts itself as a lifestyle, social networking and e-commerce service . Given that RedNote primarily serves a Chinese audience, it defaults to Mandarin upon download, and exposes new users to an audience of hundreds of millions of overseas subscribers. The sudden influx of so-called “TikTok refugees” has caused RedNote to skyrocket in popularity, taking it to the number one position among the free apps chart on both the Apple...
Walmart shareholders are urging the company to reconsider and adjust its approach to DEI (Diversity, Equity, and Inclusion) initiatives. In November 2024, the company, which has 1.6 million workers, announced it would be scaling back on its DEI policies, notes AP News. They join a list of companies, including Amazon, McDonald’s, and Meta. “We’ve been on a journey and know we aren’t perfect, but every decision comes from a place of wanting to foster a sense of belonging, to open doors to opportunities for all our associates, customers, and suppliers, and to be a Walmart for everyone,” Walmart said in a statement, according to AdWeek. Walmart’s shareholders, which consist of over 30 individuals, admit to feeling “deep disappointment” in Walmart’s stance. They want to uphold Walmart’s work in DEI as it has led to a sense of belonging for associates, and “when associates feel like they belong, they’re more engaged and empowered to deliver great service to our customers and members.” Its...
Despite pressure from a conservative group, Apple is going against the grain. As AFROTECH™ previously reported, Meta announced a hard stop to its diversity, equity, and inclusion (DEI) programs and will no longer maintain its DEI team, effective immediately. The company stated it intended to place its attention “on applying fair and consistent practices to mitigate bias for everyone, regardless of their background.” “The legal and policy landscape surrounding diversity, equity, and inclusion efforts in the United States is changing,” Janelle Gale, Meta’s vice president of human resources, said in a memo. “The Supreme Court of the United States has recently made decisions signaling a shift in how courts will approach DEI. … The term ‘DEI’ has also become charged, in part because it is understood by some as a practice that suggests preferential treatment of some groups over others.” Meta now joins companies including Amazon, Walmart, and McDonald’s in retracting their DEI efforts...
Costco is doubling down on its decision to maintain its DEI policies. This comes amid several major companies retracting their commitments, such as Google. CNBC reported that Google had established new programs to empower Black staffers following the murder of George Floyd in 2020. At the time, its CEO, Sundar Pichai, stated the intention “to build sustainable equity for Google’s Black+ community, and externally, to make our products and programs helpful in the moments that matter most to Black users.” The company aimed for a benchmark of 30% of leadership being composed of underrepresented groups by 2025. However, in the years since, Google has fallen significantly short of that goal by reducing staff and shrinking programs related to diversity, equity, and inclusion (DEI), as has its parent company Alphabet. By mid-2023, DEI job postings by companies in general were showing a downward trend. Job site Indeed offered data that revealed a drop of 44% in postings compared to the...
Inspiration can come from many sources. For Yara Shahidi , the star of “Grown-ish,” one of the many influential figures in her life is her cousin — Grammy-Award-winning rapper and entrepreneur Nas. During a recent appearance on the “Sherri” show, the actress, producer, and Harvard graduate shared Nas’ role in inspiring her to attend the Ivy League institution , according to Because Of Them We Can (BOTWC). “There’s so many artists in your family. I did not know that Nas is your cousin. And that Nas, the great, inspired you to go to Harvard ,” host Sherri Shepherd told Shahidi. The actress replied, “Yes! I think the one thing people know about him just through, even his music, is just how smart he is. And he has such a deep passion for our culture and for education. And so, the first time I got to step foot on Harvard’s campus was when he was announcing a fellowship for graduate students that were studying hip-hop.” Harvard launched the Nasir Jones Hiphop Fellowship in 2013. Designed...
Aaron Samuels has revealed his roadmap into the venture capital space. Samuels, co-founder and former chief operating officer (COO) of Blavity — w ho now leads a venture capital firm Collide Capital — has worn various hats in a career that spans more than a decade. He was a performance poet who spent nearly 10 years traveling and went on to secure roles as a director of operations (Dialogue Arts Project); senior associate consultant (Bain & Co.); and product manager (TeleSign) between 2011 and 2016, his LinkedIn mentions. For the next seven years, Samuels helped co-found Blavity Inc., a platform catering to Black Millennials and Gen Z amplifying areas of entertainment, politics, technology, and culture. It was created alongside Morgan DeBaun (CEO), Jeff Nelson (now COO), and Jonathan Jackson. Serving as the COO laid the footprint for Samuels’ foray as founder and managing partner of Collide Capital, which was founded in 2022 alongside Brian Hollins to provide resources, operational...
Like many people, Ayesha Curry doesn’t handle setbacks well — but she doesn’t dwell on them either. In an interview on Inc. “From the Ground Up” podcast with Executive Editor Diana Ransom and Editor Christine Lagorio-Chafkin, the businesswoman, chef, and restaurateur said she gives herself 24 hours to feel the emotions — anger, sadness, confusion — before moving on. “But I’m never going to suppress. It’s not my thing,” Curry said. “I’m going to let it out and feel my feelings and then move on.” Curry’s mindset has been a game-changer for her mental health and a key factor in her entrepreneurial success, Essentially Sports reported . In 2023, the United States had 33.2 million small businesses, which account for 99.9% of all companies in the country, according to the U.S. Small Business Administration. As a successful entrepreneur, Curry’s ventures exemplify the resilience and drive required in this space. As previously highlighted by AFROTECH™ , Ayesha Curry, wife of NBA star Steph...
Dame Dash’s Roc-A-Fella share is no longer up for sale. As previously reported by AFROTECH™, Dame Dash was hit with an $800,000 judgment stemming from a copyright infringement and defamation lawsuit. Soon after, it was announced that his Roc-A-Fella share, valued at $1.2 million, would be put up for auction to cover his debt. The auction generated buzz as the share included partial ownership of Jay-Z’s debut album, “Reasonable Doubt,” and its associated songs. “Based on feedback I have received from interested parties (and I can’t mention names), this auction will likely bring out many household names in the sports and entertainment industries as well as those interested in a piece of a historically significant company, which holds an interest in a timeless debut album,” Dame Dash’s attorney Natraj Bhushan explained to Billboard at the time. The auction attracted attention from artists, including Drake and, unsurprisingly, Jay-Z, who allegedly made public claims that he would obtain...