In his first move as Twitter’s owner, Elon Musk has ousted its CEO Parag Agrawal. After months of back and forth, Musk has closed the $44 billion deal to purchase Twitter. Wasting no time, Musk fired Twitter CEO Parag Agrawal as well as chief financial offer Ned Segal, and general counsel Sean Edgett. Chief legal officer Vijaya Gadde, who reportedly played a key role in Trump’s Twitter ban, has also been fired. Read: Musk’s Twitter Layoffs Take A Hammer To Diversity And Inclusion Efforts Sources reported seeing at least one of the fired executives
Lenovo has partnered with multi-award-winning actor, producer, recording artist, label president, and entrepreneur Queen Latifah to support small businesses. Launched last year, the tech giant’s Evolve Small program provides North American small businesses with financial aid, tech resources, community support, and business mentorship. “I understand the hardships small businesses face and how much more challenging those hardships can be for businesses owned by women and minorities,” Queen Latifah explained. “Knowing how the support I received back when I got started helped me get to where I am today – I’m excited to
Nigerian startup Stears has announced a $3.3 million seed round led by MaC Venture Capital which included Serena Ventures. What started as a written media publication by a group of Nigerian graduates is now a growing data insights company with its sights set on rivalling the likes of Bloomberg. Backed by Serena Ventures Serena Williams was playing in the US Open when the seed round for Stears came together. Nevertheless, according to Serena Ventures’ founding general partner, they were keen to invest and fought “tooth and nail” to get in.
The Congressional Black Caucus Institute (CBCI) is launching a new AI tech platform that matches public policy corporations with CBCI-vetted job seekers. Founded in 2000, the CBCI is a nonprofit social welfare organization that aims to educate and empower the African American community around issues that impact it the most. The CBCI’s latest initiative, the Career Placement Initiative (CPI), aims to diversify hiring in the public policy space. The Career Placement Initiative So how does it work? Employers bulk upload communications, legal, public policy, and government relations job openings to the platform. The
Amazon has announced the launch of Amazon Catalytic Capital, a $150 million commitment focused on investing in Black, Latinx, Indigenous, women, and LGBTQIA+ builders in tech. Amazon Catalytic Capital The initiative will provide capital to funds, venture studios, accelerators, or incubators committed to backing startups led by underrepresented founders. Recipients will also receive 1:1 mentorship from Amazon executives and unique business opportunities for partnerships, technical support, and scaling resources. Amazon Catalytic Capital aims to support at least 10 funds and 200 companies through the next year. So far, recipients include Collide
Ivan Beckley is a student doctor, host of The Bias Diagnosis, and co-founder and CEO at Suvera, a digital service helping clinicians follow up their patients virtually. Earlier this month, Google announced that Suvera was one of 30 Black-led startups selected for their $2 million (£1.5 million) European Black Founders Fund. I caught up with Ivan a few days after he sat his medical school final exams and asked him where it all began. “I became interested in the startup scene around the time I started medical school, I would
