Timbaland and Swizz Beatz’ relationship with short-form music video app Triller has taken a turn for the worst. According to reports, the pair have decided to sue Triller after alleging they refused to pay them $28 million after acquiring Verzuz, a rap-battle show they founded during the first peak of the pandemic. According to The Hollywood Reporter, Timbaland and Swizz Beats entered a settlement and signed a payment agreement with the platform. The deal meant Triller was supposed to pay the pair $9 million each and $500,000 on the first of
Is there anything the Grammy-award-winning musician can’t do? After releasing his fifth studio album, Kendrick Lamar is moving into new territory with billionaire investor Ray Dalio and comedian ExavierTV to discuss all things money as a part of Cash App’s ongoing “That’s Money” campaign. Popular finance app, CashApp, announced the launch of its new commercial on its YouTube channel. According to the clip, EXavier saved up money to open his franchise but lost it all due to gambling. Kendrick asks for Dalio’s opinion on the situation, and he explains exactly where he
Billionaire Silicon Valley mogul, Adam Neumann, has bounced back from the spectacular failure of WeWork to become the face behind a $1 billion residential real estate company, Flow. According to Bloomberg, venture capital powerhouse Andreessen Horowitz has pledged approximately $350 million to kickstart Neumann’s newest venture. This investment will be the largest check written for single funding round, in the fund’s history, according to the New York Times – and it’s got everyone on the internet talking. Failing upwards Neumann’s new business venture comes three years after the world witnessed the meteoric
Black-owned scheduling platform Calendly has been named one of the world’s top private cloud companies on Forbes’ Cloud 100 list. Calendly is a cloud scheduling company on a mission to revolutionize how the world schedules. Tope Awotona launched the platform in 2013 and it is now worth a staggering $3 billion. The app uses an automated tool to make the process of scheduling easier. Users can sync their calendars with the platform and share a link that will bring people to their Calendly page. People will not be able to see your
Black Business Month is well and truly underway. To celebrate, video-sharing platform TikTok has announced it is now accepting applications for its third annual ‘Support Black Businesses’ accelerator program. The accelerator program, launched in 2020 in the wake of the George Floyd protests, aims to help elevate the voices of Black-owned businesses on TikTok. Through the initiative, Black entrepreneurs will have exclusive access to resources, benefits, and networking opportunities. The program will also offer entrepreneurs custom virtual training sessions across four weeks to help them accelerate their business on TikTok.
“If I have to choose between building my tennis resumé and building my family, I choose the latter.” World acclaimed tennis player Serena Williams recently announced in an interview with Vogue that she would be stepping away from tennis and “evolving away from the sport,” – so what does the future look like for Williams? Two years ago, Serena Williams launched her first-ever venture capital firm, Serena Ventures. Williams has used her platform to invest in early-stage companies and has also carried out five exits valued at over $100 million.
Last month, Kenya’s ICT Minister announced that it had no plans to ban Facebook or shut down the Internet despite reports emerging that the platform is failing to combat hate speech that could lead to election violence. The statement came after Global Witness, an advocacy group, and Foxglove, a non-profit legal firm, released a report stating that Facebook “appallingly failed to detect hate speech ads in the two official languages of the country: Swahili and English.” Although Facebook released a blog post on July 20th that detailed its plans to combat
Streaming video service, Amazon Prime, has announced the launch of a new localized version of its streaming service in Nigeria. The company launched in Africa in 2016 and is committed to expanding its services to more than 200 countries. Amazon Prime also plans to expand its services in other markets like South Africa to boost its subscribers in new markets. The video streaming services will feature local-language interfaces and subtitling. The launch will benefit the local community as the platform is committed to investing in local production and aims to
Black Business Month has officially arrived. To kickstart this month, online marketplace, FLOURYSH, has announced its partnership with e-commerce platform, Shopify, to help elevate 1 million Black-owned businesses, providing them with the necessary tools needed to scale and grow. The FLOURYSH x Shopify partnerships aim to address the lack of access to information, a common setback for aspiring entrepreneurs. According to the press release, Black business owners receive a 120-day free trial on the e-commerce platform. “The partnership came to be because of our continued commitment to providing resources and
Black-owned digital marketplace, Clutch, has raised $1.2 million in a pre-seed investment fund. The funding round which Precursor Ventures led also included Capital Factory and HearstLab. Clutch, co-founded in 2020 by Madison Long and Simone May, is a digital marketplace for emerging brands and creators. According to the outlet, Long and May built the platform to provide a space where creators can launch, market, and grow their side hustles. Clutch works to create a world where authentic, engaging work supports a more sustainable, equitable lifestyle. As a people-first platform, creators
