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Financial Empowernment

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22-Year-Old University Of Houston Student Datreese Thomas Launches Doll Company To Empower Black Girls

The coming of age story can lead to a beautiful destination. Datreese Thomas dived into a journey of self-discovery after experiencing growing pains during her freshman year at the University of Houston. Datreese Thomas’ season of becoming led to her first business venture, The Melanie Dolls. The student turned entrepreneur wanted to empower Black girls in their journey of becoming. “I wanted to help Black girls feel beautiful, gain courage, and just develop self-love. I do that by providing a product that helps young Black girls individually see themselves better. I truly believe the company I created is a clear reflection of the journey that I had to go through with myself,” Datreese Thomas told AfroTech. Thank you so much @its_Datreese ! Representation is everything!!! She loves it!!! @themelaniedolls — Da’Yon Dunlap (@DayonDunlap) January 10, 2022

Mar 7, 2022

Netflix Trumps $100M Pledge To Black-Owned Financial Institutions

Following the racial tensions stemming from the murder of George Floyd in May 2020, many companies shifted their gaze toward the voices and needs of Black communities. Netflix was one of them. As AfroTech previously told you, in June 2020, the streaming service pledged 2 percent of its cash holdings to funnel $100 million into Black-owned banks. The investment will honor its mission to provide direct aid to Black communities within the U.S. According to a study in 2019, the average white household acquired $188,200 in wealth, which is 7.8 times more than the average Black household. Equal distribution of capital is vital to spearhead the financial empowerment of Black communities.

Dec 2, 2021