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If you’ve grown up in the digital age , you likely have some understanding of how unreliable information spreads across the net. Millennials far and wide have been inundated with enough YouTube troll comments, Nigerian prince emails and “free iPhone” pop-ups to build a healthy skepticism of internet browsing. Now, it seems that this learning curve has become a perennial part of growing up, as Gen Z and Gen Alpha are surmising that social media apps like TikTok are rife with terrible financial advice. New studies from researchers at Intuit Credit Karma estimate that over 77 percent of Gen Z kids are looking to influencers on the short-form video app for money management, while roughly 61 percent of millennials are doing the same on YouTube and Facebook . In order to understand just how damaging these financial words of wisdom can be to a growing audience of youngsters, lets take a moment to briefly run through the data, and see exactly where young people are being led astray. After...
Smokey Robinson’s journey in the music industry was one filled with humble beginnings. The multi-hyphenate artist and producer was the lead singer of The Miracles as early as 15 years old, Vulture reports. The group was instrumental to Berry Gordy, who helped bring their talent to his record label, Motown Records, making them one of its first artists when it was founded in 1959. “Berry sat us down. He said, ‘Imma start my own record company. Ain’t nobody paying. Imma start my own record company, and we gonna be the crew, and we’re not just going to make Black music,'” Robinson said on the “R&B Money” podcast. “‘We’re going to make music for the world. We’re going to always have some great beats and some great stories, and that’s going to be our quality control to have that when we put our records out, but we going to make music for the world.'” Robinson’s early days at the label were filled with sacrifices. He recalls earning just $5 a week when the label first started. “Berry had...
Megan Thee Stallion has stepped into the spirits industry following advice from Beyoncé. The “Savage” rapper, born Megan Pete, has long admired the fellow Houston artist and credits their first interaction in 2020 with a major career milestone. “My favorite moment was definitely meeting Beyoncé. I met her first in 2020, I think. Every time I see her, I act like a little kid. And I really need to stop that at this point. Like I’m always fanned out,” Megan Thee Stallion told Forbes. Beyoncé’s support for Megan goes beyond music. In addition to their collaboration on the hit record “Savage Remix,” which they performed during the “Renaissance World Tour” in Houston, TX, Beyoncé has also shared valuable business advice — encouraging Megan to launch her own spirits brand. Leading by example, in 2024, Beyoncé made her official debut in the spirits industry with the launch of SirDavis in partnership with Moët Hennessy. The brand offers an American rye whiskey that pays homage to her...
Rick Ross was inspired to pursue business, following his mother’s entrepreneurial footsteps. The Mississippi-born rapper shot to fame with his 2006 breakout hit “Hustlin,” which led to him signing his first major record deal with JAY-Z at Def Jam, notes HipHopDX. “JAY-Z, I remember we went to eat after a game, and he was playing Rick Ross…‘Everyday I’m Hustlin,’” Former NBA player Jamal Crawford told Ross while they appeared on the “All The Smoke” podcast. “And Jay was mesmerized by the song. He was like, ‘Whip it, whip it real hard!’ He kept saying that part, he loved it.” Rick Ross became an overnight success and began prioritizing real estate as he accumulated his fortune, which is reportedly an estimated $150 million net worth today. According to Celebrity Net Worth, this encompasses $90 million earned from albums and singles, revenue from his record label Maybach Music Group (established in 2009), and other ventures. His decision to enter real estate dates back to his...
Jay-Z will be launching a groundbreaking partnership, marking a first in the United States. Billboard reports that Jay-Z’s Roc Nation, a full-service entertainment company, has partnered with South Korean fintech company Musicow to introduce “the first Music Equity Service Provider in the United States.” This will give U.S.-based music fans a rare opportunity to obtain partial ownership of songs created by their favorite artists, while also earning a share of the revenue generated from sales. This will be made possible by giving artists the ability to fractionalize their royalty revenue and sell shares of their tracks to individual investors, creating an all-around win for everyone involved. “The music industry is evolving into a shared ecosystem where fans and creators can earn together,” Roc Nation Vice Chairman Jay Brown said in an interview with Billboard. “Our mission is not only to support and empower artists by providing the tools and services they need to build a better...
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...
As the U.S. government inches closer to banning TikTok, its millions of American users are left with pressing questions: Will the app still work? What happens to creators and businesses that rely on it? And what’s the truth behind those rumors about Elon Musk buying the platform? Let’s break down what this potential ban means for TikTok users — and what steps they can take to prepare. Will TikTok Still Work After The Ban? If no one intervenes and the ban goes into effect, TikTok will be removed from app stores like Google Play and the Apple App Store. While current users may still have access to the app, CBS News reports that one likelihood is that they won’t receive updates, which will likely lead to significant performance issues over time. Without updates, key features like bug fixes, video uploads, editing tools, and personalized content recommendations may falter. There’s also the possibility that Internet Service Providers (ISPs) could block TikTok’s servers entirely, making...
Malcolm Jenkins is not slowing down in the fast-casual food space. As AFROTECH™ previously reported, the former NFL player leads Disrupt Foods, a multi-unit franchise developer and operator of quick-service restaurants. According to his LinkedIn, the goal is to create franchising opportunities for Black and brown communities. “If there’s a mission for me and how I’m moving now, what I want to have an impact on is really educating people on the power of group economics. People when they have success, most of the time they do it as a collective family, as a community. Owning businesses in their own communities,” he said. “When you look at [Black communities] we don’t own the majority of the businesses in it. We don’t own homes most of the time. It just continues to push us into pockets of poverty that are harder and harder to climb out of as an individual,” he told WHYY News. Leading by example, he established Disrupt Foods in 2016 alongside his business partner, Joe Johnson. “In 2016...
Dr. Elizabeth Clayborne is gaining traction in the investment world for her medical device known as the “Band-Aid for nosebleeds.” As AFROTECH™ previously reported, Dr. Clayborne is the founder of NasaClip, which was inspired by her time in residency in Washington, DC. Various patients were coming into the emergency room for an issue professionals in the medical field described as a “lower acuity issue.” “Nosebleeds are most common in kids age 2 to 10, older adults 55 to 80, who might be on blood thinners, it’s really the least likely population to manage it well. So when they can’t get that bleeding to stop, they show up to me in the ER, and they want me to treat them right away. They’re bleeding all over the waiting room demanding to be seen. But for us as ER docs, this is a lower acuity issue, but it happens to be really kind of time-consuming and cumbersome to deal with,” she said over a Zoom webinar held on Oct. 31, 2024. She continued, “I was frustrated as a resident. Often...
Many of the top successful founders all share something in common: sacrifice. Whether it’s sacrificing time, energy, or something else. For Calendly Founder and CEO Tope Awotona, he put his earnings on the line. As previously shared by AFROTECH ™, Awotona drained his bank account and 401(k) to build his scheduling company from the ground up. What’s more, he faced countless rejections along the way when seeking venture capital but kept pushing ahead. “Being a foreigner really helped,” the Lagos, Nigeria, native said, according to Inc . “I grew up in a country where 99 percent of the people looked like me, so race wasn’t something I consciously thought about. It’s good to have that mentality. You can dwell on all the reasons you shouldn’t do something or why it’s harder for you. Or you can just go out and do it.” The hustle and grind led to multi-million-dollar investments, which transformed Calendly into a billion-dollar company. For founders seeking to reach success like Awotona’s...
Uncle Nearest Whiskey’s founder has a word of advice for Beyoncé as she plants herself in the spirits industry. As AFROTECH™ previously told you, the “Cowboy Carter” singer released SirDavis in August 2024. The American whisky brand was launched in partnership with Moët Hennessy, and its inaugural product is inspired by Japanese and Scotch whiskies with promises to maintain “the robust and deep flavors typical of classic American rye,” a press release mentioned. The venture is inspired by Beyoncé’s paternal great-grandfather Davis Hogue, who was a farmer and worked as a “moonshiner” in the midst of the Prohibition era. “Our whiskey’s legacy dates back over 200 years to a Black man in Alabama in the 1800s… a man who was a businessman and an entrepreneur, but would have never had the opportunity to create a mainstream whiskey back then. Systemic barriers would not have allowed it,” she mentioned, according to GQ. “But it turns out that my great-grandfather’s hands planted the seed...
A grocery store considering its community first has opened in Baltimore, MD. The Baltimore community will now be able to shop at the Pratt Free Market, which will operate as a full-service grocery store following a ribbon-cutting ceremony held by the city’s Enoch Pratt Free Library. The market is inside the library’s Southeast Anchor location in the Highlandtown neighborhood. M’Balu “Lu” Bangura, chief of equity and fair practices at the Enoch Pratt Library, shared on Instagram that no income verification or ID will be required at the grocery store, and all items will be available for free to those living in a state where one-third of the population experiences food insecurity. Per WBAL-11 TV, customers will be able to stock one library-supplied bag each day. “Just come as you are and fill a bag with groceries at NO COST,” Bangura wrote on Instagram. “This market is for the City. All are welcome…I dreamt of this almost 2 years ago, I’m so proud to cut the ribbon on the first 100%...
Technology never stops evolving, and neither does Matthew Robinson. As a senior UX design manager at Google Photos, Robinson’s motivation in his career is rooted in the “understanding that design and technology will undoubtedly continue to change the world as we understand it.” “It’s critical to have a seat in the rooms that are making the decisions that ultimately affect all of us,” said Robinson in an interview with AFROTECH™. “My roots as a designer with a knack for all creative endeavors will always be my foundation. Still, I’m increasingly interested in creating products that balance innovation with what’s ultimately good for the world around us.” Robinson says that due to his firsthand glimpse at how strategic design can frame products and define humans interactions , he is passionate about bringing his expertise to this year’s AFROTECH™ Conference. A speaker on day 2, he will lead a conversation titled “Creative Summit: Diverse Design: User-Centric Innovation.” View this...
Marquise Brown doesn’t want to have any regrets when his NFL career comes to an end. The Kansas City Chiefs’ wide receiver has met with various retired NFL players, and it has served as a reminder of what he can do now to maximize his time in the league. Brown was drafted in 2019 by the Baltimore Ravens as a 25th pick in the first round, the NFL mentioned. He then played for the Arizona Cardinals and now is on the Kansas City Chiefs’ roster, signed to a one-year, $7 million contract, which includes a $3 million signing bonus and $6.5 million guaranteed, per Spotrac. He intends on leveraging his contracts to create a better life for himself, family, and other players in the league considering life beyond the field. “I got pulled aside by so many retired NFL legends talking to me about what they should have done differently, what they wish they did. With me being in the league, I don’t want to be a guy to do this when I’m done. I want to be a guy to do this now. Not just for my...
Former Yale University students are making it easier to spot counterfeit drugs. Per TechCrunch, Adebayo Alonge, Amy Kao and Wei Lui launched healthcare startup RxAll in 2016. The inception of the company was in response to their own experience with counterfeit drugs. For Alonge, it was nearly fatal after he took a medicine that contained a dangerous amount of diazepam, while Kao’s experience left her hospitalized. “I survived a 21-day coma in Nigeria 15 years ago. My co-founder, Amy, was hospitalized in Thailand after taking counterfeit medicine. And Wei lost a family member due to contaminated drugs,” Alonge told TechCrunch. While students they were able to pick each other’s brains during a research and development project and found further information to validate their concerns. “100,000 Africans die from this problem every year. One million people die across the world from this problem,” Alonge mentioned . This led to RxAll’s inaugural product RxScanner, a device powered by...