Twitter has terminated the contracts of almost all its staff based in Accra, Ghana. The news comes after Elon Musk’s recent acquisition of the app, which has seen thousands of employees worldwide laid off work. Twitter’s presence in Africa In April 2021, Twitter announced its plans to build a team in Ghana as a part of its broader mission to expand its services across the region. After almost a year of working remotely, Twitter’s African staff finally opened a physical office in the continent. But celebrations were short-lived. A mere
Over the last 48 hours, dozens of Twitter employees took to the platform to announce that they had lost their jobs following Elon Musk’s recent acquisition. Employees have flooded the app using the hashtag #LoveWhereYouWorked with an emoji to signify that their time at the social media giant has ended. After ousting CEO Parag Agrawal, CFO Ned Segal, general counsel Sean Edgett and chief legal officer Vijaya Gadde last week, Elon Musk has made it clear that things at Twitter will never be the same again. Impact on Black & Latinx
Founder and CEO of Resilia, Severtri Wilson, is the definition of #BlackGirlMagic. Nearly two years after raising $8 million in a Series A funding round, Wilson has made history again for making the largest raise ever for a Black female-founded tech company, according to AfroTech. Who is Severtri Wilson? Severtri Wilson is the founder of the SaaS platform, Resilia. The entrepreneur has been described as “different from your average tech company founder” as a Black woman with no coding experience and no co-founder. A year after earning her master’s degree from
Every celebrity is migrating into the VC space, it seems. Kevin Hart is the latest example of a notable entertainer making major moves in the investment space. The comedian’s venture capital firm, Hartbeat Ventures, has received its first institutional investment from JP Morgan, the largest bank in the US. According to the Hollywood Reporter, the bank provided “the max allocation” through Project Spark, an initiative launched by the bank to support firms led by underrepresented founders. Hartbeat Ventures, launched earlier this year, is an early-stage VC firm focusing on financial inclusion. In
Workbnb is on a mission to become the one-stop solution for workforce rentals, providing comfortable housing for traveling workers. Founded by Yeves Perez and headed up by Daj’Anique Staples, the startup is part of Techstars, one of the largest pre-seed investment programs in the world. A gap in the market At the height of the pandemic in 2021, while working for his mother’s company, Perez noticed a gap in a multi-billion dollar industry. Businesses often need to provide their employees with temporary accommodation for extended periods. However, Perez realized that the travel rental industry largely neglected
Black media mogul, Byron Allen, has hit McDonald’s with a massive lawsuit after claiming the corporation deliberately excludes Black-owned media from its advertising campaigns. Allen, the owner of Allen Media Group, claims McDonald’s refused to advertise on his networks due to internalized discrimination against Black-owned media and racial stereotyping that only sees them take from Black consumers and never give back. McDonald’s is the world’s leading food service retailer, generating over $100 billion in annual revenue. African Americans represent approximately 40% of McDonald’s U.S. sales but dedicate a small proportion to
As the world has become more digitized, more accessible payment systems such as Cash App, PayPal and Venmo have become hugely popular. According to data, Cash App has generated over 40 million monthly active users and over 100 million downloads. Recent research reveals that 59% of Black Americans report using Cash App, compared to 37% of Hispanic Americans and even a smaller percentage of white and Asian Americans. Hackers and scammers The popularity of these payment systems among Black and Hispanic Americans is in spite of concerns about security and
Capital G, Alphabet’s independent growth fund, has announced that seven Black-owned VC firms will join the Alphabet family as a part of the program’s $100 million commitment to investing in Black founders. According to data, only 4% of the US venture capital workforce and 1.2% of VC-backed founders are Black. The lack of diversity within the venture capital space has a knock-on effect on the number of Black-owned businesses that receive extra funding or investments. After years of leading a large team focused on investing in Black-led VC funds, startups,
If you’re a person with dark skin, you may be more likely than your white friends to get hit by a self-driving car, according to a 2019 study out of the Georgia Institute of Technology. That’s because automated vehicles may better detect pedestrians with lighter skin tones. The study’s authors started out with a simple question: How accurately do state-of-the-art object-detection models, like those used by self-driving cars, detect people from different demographic groups? To find out, they looked at a large dataset of images that contain pedestrians. They divided up the
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
