A new social media platform designed for the Black community is set to launch. Byio – short for By Invite Only- is the first-ever SaaS, AI-forward social platform founded and owned by Black women, according to a press release. Byio is designed to build community. “Unlike traditional platforms that alienate and mistreat certain demographics, Byio is everything that all the others are not and can never be, because we prioritize authentic interactions, privacy, and user control,” it says on their website. A social media platform for and by Black women
Serena Ventures participated in a series B investment round for the 3-on-3 basketball league Unrivaled. The round was led by Bessemer Venture Partners, and other investors included Warner Bros. Discovery and Alex Morgan’s Trybe Ventures. This latest investment brings the value of Unrivaled to $340 million, which is a historic figure for a young league. The basketball league is transforming women’s sports by offering female players six-figure salaries, according to Front Office Sports. Athletes earned $220,000 last season, compared to the average of $66,000 to $150,000 in the WNBA. About Unrivaled Unrivaled launched
Global advertising agency 72andSunny is facing backlash after launching a new app that critics say mimics Spill, a Black-owned next generation social platform designed to put culture first. According to Kenya T. Parham, Spill’s Chief Growth Officer, 72andSunny’s Amsterdam office unveiled an app called SPIL*, which shares striking similarities with Spill. In a now-deleted LinkedIn post, the agency described SPIL as “a new type of news brand, made specifically for Gen Z in Europe.” Several Spill community members voiced their disappointment directly on the agency’s LinkedIn post before it was
Serena and Venus Williams are launching the Williams Family Excellence Program, a new initiative to support under-resourced communities with academic support, career pathways, and mentorship. Launched in partnership with the USTA Foundation, the program will help young people prepare for their lives both on and off the court. “This initiative stands as a living legacy to the Williams family—a tribute not only to Venus and Serena’s extraordinary achievements on the court, but to the unwavering determination, sacrifice, and resilience that define their family’s journey,” Kathleen Wu, President of the USTA
Kai Cenat recently confirmed plans for his Nigerian school after months of speculation and criticism from fans. In 2024, the streamer visited the Makoko Children Development Foundation School and Orphanage in Lagos, where he saw the dire conditions of the students and staff. After seeing the school’s sinking building, limited space, and the struggle to provide a learning environment for its 385 students, Cenat wanted to help. Cenat announced plans to construct a new school in the Makoko community. In the announcement, he asked people living in Nigeria or on the African
Group Black, originally founded to channel ad dollars into Black-owned media, is expanding its reach to a broader audience, Business Insider reports. The company has rebranded as Group Black Holdings and is now targeting what it calls “Gen Next,” a values-driven audience that cuts across race, age, and background. Bonin Bough, Group Black’s co-founder and chief strategy officer, maintains that Group Black is “evolving—not abandoning” its foundation. The company is expected to share more details on September 8. Portrait Media Group: A New Venture As part of its rebrand, Group Black announced
Meek Mill is reportedly developing an AI tool that will transform lives. “Working on a ai tool that can change the world lol,” the rapper wrote on X (formerly Twitter) on August 31. He has been teasing the project on X in recent weeks, suggesting it is one of his most ambitious ventures yet. “I can’t wait to get a chance to show the world how smart I really am!” he said on August 25. Days later, on September 2, he added: “I have some genius tech guy that’s building
Caroline Wanga is stepping down from her role as president and CEO of ESSENCE Ventures. Wanga joined the company in 2020 but took a one-year leave due to health reasons. On August 25, ESSENCE Ventures issued a press release stating that Wanga would be leaving the company indefinitely, according to Black Enterprise. “We are profoundly grateful to Caroline for her leadership, vision, and unwavering advocacy of Black women and culture,” Richelieu Dennis, founder and chairman of Sundial Technology & Media Group, parent company of ESSENCE Ventures, said. “Her expertise in culture, equity, and
When was the last time a social media platform made you feel positive about yourself? As much as we don’t want to admit it, most of us spend our days doomscrolling, which can have a negative impact on our self-esteem. The simplest solution would be logging off, but you can’t escape social media forever. For Gen Z and Gen Alpha, social media often shapes who you are, as high social media usage is often linked to low self-esteem for young women. 17-year twins Avril Piera and Paris Ofe know about
Atlanta-based Gray Media, Inc., will acquire 10 television stations from Byron Allen’s media group for $171 million. The transaction would bring Gray into three new markets – Columbus-Tupelo, Mississippi; Terre Haute, Indiana; and West Lafayette, Indiana, according to a press release. It will also build the company’s presence in seven other markets, creating duopolies that will enable Gray to enhance its public service to their communities with expanded local news, local weather, and local sports programming. Allen Media Group in debt In June, Byron Allen announced that it was selling
