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TikTok still doesn’t appear interested in selling its app. As AFROTECH™ previously told you, the app was temporarily banned in the U.S. due to a mandate requiring TikTok — owned by China-based company ByteDance — to sell to a U.S.-based company. The ban, established by former President Joe Biden, was initially set to take effect on Jan. 19, 2025, but TikTok went offline 12 hours early after the Supreme Court moved to uphold the ban, Forbes reports. President Donald Trump announced at the time he intended to save the app once he assumed office. Users received a message on the app from TikTok that read, “Sorry, TikTok isn’t available right now. A law banning TikTok has been enacted in the U.S. Unfortunately, that means you can’t use TikTok for now. We are fortunate that President Donald Trump has indicated that he will work with us on a solution to reinstate TikTok once he takes office. Please stay tuned!” Following his inauguration, Trump signed an executive order granting a 75-day...
Reddit founder Alexis Ohanian Sr. has his eyes on a new application. As AFROTECH™ previously told you, TikTok had been temporarily banned as a result of not adhering to a U.S. mandate requiring the China-based app to be sold to a U.S. company. On April 24, 2024, former President Joe Biden had signed a law mandating the sale due to concerns about national security and data safety for U.S. citizens . Owned by ByteDance, TikTok was offline just hours before the ban was to go into effect on Jan. 19, 2025. However, users were able to access the app shortly because President Donald Trump affirmed he was looking to save it. Trump took office on Jan. 20 and extended the ban by 75 days allowing more time for a deal to be made. Since then, many individuals have stepped forward to express their interest in buying TikTok. This includes content creator MrBeast, aka Jimmy Donaldson, who has more than 115 million followers on the platform (at the time of this writing). @mrbeast TikTok check your...
Jeezy has reportedly missed out on his own earnings due to his internal team. In the past, Jeezy admitted to having trust issues with those around him. However, navigating the music industry and forming partnerships required the rapper to lower his guard and trust others to uphold their end of the deal. “I never really had people around that I trusted,” Jeezy said on the “Springhill” podcast in 2023 . “ And when it went on to the music, I started to understand quickly like this is worse because where I come from, it’s death or the penitentiary. But with these people in the music industry, they’re cutthroat anyway. It’s just the nature of the game.” He added, “But then what I started to understand about having business partners is you gotta trust that they’re gonna at least do what they’re supposed to do. Like if you’re telling me that you’re gonna be able to market this on a scale that I can’t, I’m gonna believe that you can do that. Now if you show me you can’t, now I gotta make...
Christina Betancourt Johnson has made history in the cannabis sector. The Washington, DC, native with 15 years of experience as an executive — per Honeysuckle magazine — is the founder and CEO of Standard Wellness Maryland, which launched in 2019. The company had an interest in catering to consumers as well as patients looking for premium products for their medicine. Its offerings include flowers, topicals, tinctures, vapes, and concentrates, its website mentions. At the heart of S tandard Wellness Maryland’s lies a mission t o ensure there is greater representation in the cannabis industry, and this became part of Johnson’s call to action to drive equity in partnership with Rooted Therapeutics, her first company. Benzinga reports that Standard Wellness Maryland’s existence is historic as it is the first v ertically integrated cannabis company in the United States majority-owned by an African American and Latina, according to the social equity office in Maryland. It is licensed to...
For the third consecutive year, Atlanta, GA , is the leading hub for Black-owned businesses in the United States. According to a LendingTree analysis, the city boasts the highest percentage of Black-owned businesses in the nation, with 11.3% of all businesses in Atlanta — or 13,766 — being Black-owned. The analysis used the 2023 U.S. Census Bureau Annual Business Survey to rank metropolitan areas by the percentage of Black-owned businesses in 2022. Windsor Jones, co-owner of Sweet Auburn Bread Company in the historic Sweet Auburn district, told Atlanta News First that he was not surprised by LendingTree’s findings. “It’s always been the Black mecca for excellence and resilience and entrepreneurship,” Jones told the outlet, describing Atlanta as the best city for Black entrepreneurs to thrive. As for nationwide trends, the LendingTree report revealed that Black-owned businesses in the U.S. grew by 22.2% year-over-year, accounting for 3.3% of all enterprises in 2022, up from 2.7% in...
Black residents in Chicago, IL, will be able to invest their dollars in its first casino. The TRiiBE reports locals gathered for an information session hosted by City Treasurer Melissa Conyears-Ervin and members of the Chicago Aldermanic Black Caucus to buy shares in Bally’s Casino, a $1.6 billion project in the 21st Ward that will also feature a hotel, a 3,000-seat theater, and a Riverwalk extension to Chicago Ave. A requirement for the casino is that at least 25% of the investment must come from minorities and women. “Tonight is about a new opportunity on how to participate, about not just being a consumer but to be an owner,” Ald. Ronnie Mosley (21st Ward) said at the pulpit of Third Baptist Church, according to the outlet. Conyears-Ervin added: “Remember when they legalized marijuana a few years ago? We knew that we were the community that was affected the most by it, but we felt that we did not have access to being owners. Well, this, ladies and gentlemen, is quite different.”...
Mastercard has agreed to settle a discrimination lawsuit impacting its minority employees. According to a press release, the fintech company had allegedly been underpaying its female, Black, and Hispanic employees. T he class-action lawsuit — which was filed in the U.S. District Court for the Southern District of New York — claims 7,500 employees in job levels 4-10 across the United States dating back to September 2016 were impacted. Details in the lawsuit share that the women and people of color received less compensation for conducting equivalent work to their male and white counterparts, the New York Times reports. The major fintech company had agreed to pay a $26 million settlement prior to the lawsuits filing on Jan. 14, 2025. The settlement now awaits approval from the court. “We are very pleased to have reached this nationwide settlement with Mastercard, which we believe represents a fair compromise,” Cara E. Greene, partner at Outten & Golden LLP and lead counsel for the...
Microsoft reportedly has an interest in acquiring TikTok. According to BBC, President Donald Trump has revealed the tech company would like to purchase the platform and adds that there is “great interest in TikTok” from several companies.” At the time of this writing, Microsoft nor TikTok have confirmed or denied the matter. The update comes after 170 million users in the United States were temporarily left in the dark on Jan. 18, 2025, a day ahead of the app’s mandated ban by the U.S. government. As AFROTECH™ previously told you, last year former President Joe Biden signed a law requiring TikTok’s parent company, ByteDance, to sell the app to a U.S.-based company or it would be banned on Jan. 19 due to national security concerns. The Supreme Court unanimously voted to uphold the ban. Despite this, TikTok maintained its position on not selling to a U.S. company and took TikTok and its other applications — such as Marvel Snap, Lemon8, Hypic, and CapCut — offline in the U.S. The apps...
Staff members at Harvard University leading its Slavery Remembrance Program have lost their jobs. The program, supported through a $100 million Harvard & the Legacy of Slavery initiative, helps find descendants of those enslaved by Harvard University’s leadership, faculty, or staff, note the Boston Globe and the Harvard Crimson. Recently, the program, which includes HSRP Director Richard J. Cellini and research fellow Wayne W. Tucker, discovered “several hundred people” who had been enslaved between 1660 and 1815 and shared their findings with the prime minister and governor-general of Antigua and Barbuda in hopes of gaining further insight into these areas. Just one week after the outreach, the program staff were laid off on Thursday, Jan. 23. Four months earlier, Cellini had claimed Vice Provost for Special Projects Sara N. Bleich warned the program “not to find too many descendants.” The program’s findings have revealed over 300 enslaved people were enslaved by the school’s...
Hip-Hop icon RAKIM is aligning himself with artificial intelligence (AI). According to a news release, the rapper, who released the studio album “G.O.D.’s Network” in 2024, is now the founder of the fintech platform Notes Technology, which will benefit artists by providing them access to loan and credit providers to fund creative projects, AI-powered education around financial literacy and entrepreneurship, and fintech tools to manage capital and income. By merging music, finance, and technology, Notes seeks to empower artists with the tools they need to succeed and maintain control over their careers. “With Notes, getting ‘paid in full’ is beyond just the money, it’s also about the knowledge and understanding of the urban music game from a position of being conscious of how it all works as a business, and how to leverage that to thrive and succeed as independent urban music artists and creators,” RAKIM said in a statement shared on the company website. Notes Technology’s other...
African fintech company Moniepoint has received strategic funding from Visa. As AFROTECH™ previously reported, Moniepoint was reportedly the fastest-growing fintech company in 2023 and 2024. Launched by Tosin Eniolorunda (CEO) and Felix Ike (chief technology officer), the fintech company has a banking app that connects customers to a “debit card that always works,” Eniolorunda said in a YouTube video. Moniepoint’s offerings include: Banking accounts Loans Expense cards Instant payouts Accounting and bookkeeping solutions Moniepoint’s business model has been an overwhelming success. In fact, it processes over 1 billion transactions monthly, with total payments volume exceeding $22 billion, according to a press release shared with AFROTECH™. As it looks to expand its efforts, the company has received a strategic investment from Visa. “We are thrilled to announce Visa’s investment in Moniepoint,” Eniolorunda said, per the press release. “Visa’s backing is a strong endorsement of our...
TikTok is a home for brands to thrive. The platform, which is home to 170 million active users in the United States alone, is becoming a trusted destination. According to TikTok’s 2025 What’s Next report, 81% of users were exposed to new topics and trends that they were not aware were initially of interest to them. It’s for these reasons that the term “demure” took off in 2024. It was popularized by TikTok creator Jools Lebron through a series of witty videos and was named Dictionary.com’s 2024 Word of the Year. “It’s changed the way we shop. It’s changed the way we travel. It’s changed the way we search. It’s even changed the way we speak,” said Head of North America Business Marketing TikTok Rema Vasan during CES 2025. The Power Of Tuning Into The Comment Section Through TikTok, brands have the ability to strengthen their connection with consumers. In fact, users are primed to see their favorite brands on TikTok, with 68% affirming the importance of brands engaging in their...
Everyone loves a good story about a career “come-up,” and Shou Zi Chew has one that includes an unexpected stop: a brief internship at Meta (then called Facebook). While most know Chew as the CEO of TikTok, his career path holds some interesting twists that shaped the leader he is today. According to Fortune magazine, Chew spent a short stint at Meta in 2009 while at Harvard Business School. This was during a time of rapid growth for the company under founder Mark Zuckerberg’s leadership. For Chew, the experience offered a firsthand look at the challenges of scaling a tech platform globally. Immersed in the fast-paced environment, he gained valuable insights that would later influence his leadership approach. From Meta Intern To TikTok CEO Chew’s time at Meta may have been short, but it was an important stepping stone in his career. After completing his MBA at Harvard Business School, he went on to work at Goldman Sachs and later DST Global, where he contributed to securing...
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...
South African billionaire Elon Musk is known for his desire to swallow up companies and rebrand them with his own trendy vision. The Tesla CEO previously used his familial wealth to purchase stakes in such businesses as PayPal, SpaceX and of course, X (formerly Twitter). Now, according to official statements made by the Trump administration cabinet pick, the emerald mine profiteer is considering buying the rights to Vine, a defunct app which predates TikTok . This would be a major development in the world of social media, since the latter is still potentially facing a long-term ban within the United States, unless the app’s parent company ByteDance can agree to divest to American financial interests. When prompted by a fellow X user about bringing Vine back into the fray to fill in the power vacuum left by TikTok, Musk simply responded, “We’re looking into it.” So, now seems like as good a time as any to examine what Vine is (or was), how Elon could bring it back to compete with...