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Fanbase, a social media platform used to monetize content creation, has reached $10 million through equity crowdfunding, setting the stage for a $17 million campaign.  Fanbase’s Crowdfunding campaigns The funding has reportedly marked founder Isaac Hayes III as the first Black man to accomplish this feat in a Regulation Crowdfunding campaign via StartEngine. Hayes created Fanbase to enable Black creators to cultivate their audiences and monetize their contributions effectively. According to a press release, Fanbase had raised over $10 million from three crowdfunding campaigns and 14,000 over investors via StartEngine. The company recently

Reddit Co-Founder Alexis Ohanian took to X, formerly Twitter, to thank Snoop Dogg for being one of the platform’s earliest investors during its spin-out and turnaround. Reddit Reddit, a social media platform and online community, ranks among the top 20 most visited sites worldwide and went public in March 2024. American internet entrepreneur and investor Ohanian is best known as the platform’s former executive chairman and co-founder, along with Steff Huffman and Aaron Swartz. He is also the husband of tennis legend and venture capitalist Serena Williams. Huffman and Ohanian began building Reddit for fun while roomates

FKA Twigs has been developing an AI-powered version of herself, designed to interact with fans and journalists online. The British singer testified before Senate Judiciary Subcommittee on Intellectual Property on Tuesday, calling for regulation to protect artists. AI Twigs: Revolutionizing Artist-Fan Engagement FKA Twigs recently announced the creation of her deepfake, a digital persona aptly named “AI Twigs.”  “In the past year, I have developed my own deepfake version of myself that is not only trained in my personality but also can use my exact tone of voice to speak

Venita Cooper and Vincent Sanders have created an AI-powered sneaker resale price-prediction startup – Arbit. According to their website, Arbit is the only price prediction model designed to empower sneaker buyers to get fair prices in the resell market. They collect real-time prices from trusted sites, providing pricing insights and trend analysis that allows users to shop prices on one app. Arbit’s Journey Cooper’s passion for sneaker culture began in 2019 when she opened Silhouette Sneakers and Art in Tulsa, which attracted attention from Brian Brackeen in 2021. After more than four years in the business, Cooper announced

TikTok rapper Dantreal Clark-Rainbolt, known by his stage name Trefuego, has been ordered to pay Sony Music Entertainment $802,997.23 in damages for using a copyrighted sample without permission. U.S. District Judge Mark T. Pittman delivered the ruling, saying the fine would teach him a six-figure “lesson” about “carefully selecting the materials included in his raps.” Trefuego’s Copyright Clash Trefuego’s track “90mh” became a viral sensation on TikTok, featured in over 155,000 videos and gaining more than 100 million streams on Spotify. Despite the song’s success and nearly $700,000 in earnings, the rapper’s victory was short-lived. 

In a controversial incident, DBrand, a Canadian tech accessory company known for its social media persona, faced severe backlash after making a racist remark about a customer’s last name.  A Joke Taken Too Far? The comment, which was intended to be humorous, was directed at Bhuwan Chitransh, a customer who had complained about the discoloration of a product he had purchased. Chitransh’s initial tweet to DBrand was about a computer skin that changed color only two months after purchase.  In a response that was seen as offensive, DBrand tweeted, “Your

Nearly 60% of Black small- and mid-sized business (SMB) owners on TikTok say that the app is critical to their business’ existence, a new Oxford Economics report has found. TikTok’s Value For Small businesses  Oxford Economics, in collaboration with TikTok, sought to understand the app’s economic value for local communities across the US. It surveyed 1,050 SMBs and 7,500 users in 2023 to gauge interactions and benefits derived from the app. Small and medium businesses generated $14.7 billion in revenues and supported 224,000 jobs on TikTok supported 224,000 jobs, the

AI’s inability to detect signs of depression in social media posts by Black Americans was revealed in a study published in the Proceedings of the National Academy of Sciences (PNAS). This disparity raises concerns about the implications of using AI in healthcare, especially when these models lack data from diverse racial and ethnic groups. The Study The study, conducted by researchers from Penn’s Perelman School of Medicine and its School of Engineering and Applied Science, employed an “off the shelf” AI tool to analyze language in posts from 868 volunteers.  These participants, comprising equal

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