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
Amid rising unemployment rates for Black women, many with disabilities are seeking self-employment, according to a new study from Georgia State University and Wayne State University. Published in June in the Journal of Multicultural Counseling and Development, the research analyzed US Census Bureau data, including responses from 91 Black women with physical or mental disabilities. Nearly 44% reported being self-employed. Why are Black women with disabilities turning to self-employment? Counselors who work with Black women with disabilities say the findings provide important insights, as employment is a “key social determinant
Unemployment rates for Black women are rising, and economists believe this signifies a broader problem. Black women’s unemployment rate increased from 5.1% in March to 6.1% in April and reached an all-time high in May at 6.2% before dropping to 5.8% in June, according to data from the Bureau of Labor Statistics reported by The 19th. Rates for white and Asian women remained close to 3% and 5% for Latinas, in comparison. Experts believe that this highlights a strain in the economy. Why is this concerning? Due to systemic racism
Women and non-white men hold 50.2% of over 5,500 board seats at S&P 500 companies, for the first ever, according to data compiled for Bloomberg by ISS-Corporate. Compared to five years ago, white men comprised nearly 60% of the directorships. This is significant as President Donald Trump has caused a DEI purge in the country. “It’s amazing that the shift in boards is occurring at the same time DEI is being dismantled in lots of organizations,” said David Larcker, a professor who studies corporate governance at Stanford Graduate School of Business.
LOréal USA has announced the sale of Carol’s Daughter to its founder and new President Lisa Price and finance veteran Joe Wong, initially only referred to by L’Oréal as an unnamed independent beauty entrepreneuer. Wong has several former L’Oréal brands under his belt, including Ambi Skincare, AcneFree, Baxter of California, and Dermablend. L’Oréal USA selling Carol’s Daughter This new move highlights L’Oréal’s belief in Price’s leadership and the new partner’s ability to honor the brand’s heritage, values, and commitment to its loyal customers. “At the heart of this legacy is
Sisters Network® Inc. (SNI), the only national African American breast cancer survivorship organization, is set to relaunch its Teens4Pink® program with a new mobile app, according to a press release. The app aims to inform and empower teenage girls between the ages of 12 and 17 about how they can change the way families approach and think about breast cancer. Karen E. Jackson, 31, is a four-time breast cancer survivor and founded Sisters Network Inc. in 1994. Jackson says, “The relaunch of Teens4Pink marks an exciting step forward in engaging the
Looking for a job in this economy is grueling. In December 2024, NBC recorded that the unemployment rate in the US was at 4.2%, which is alarming considering unemployment rates had never been below 5% in the 1970s or the 1980s. The job market is slow, and it’s taking candidates several months or years to find new job opportunities. Aliyah Jones knows this experience all too well. After being out of work for several months, she launched an unemployment series on LinkedIn. The series garnered tons of attention, and Jones
MSNBC’s Rashida Jones resigned from her role as president on Tuesday to pursue new opportunities on Tuesday, according to Bloomberg. Jones served as president for four years and was the first Black executive to head a major television network. Her resignation comes as the network’s parent company, Comcast Corp., prepares to spin offs several of its cable TV assets. Why is Rashida Jones stepping down from her role? “I came to this decision over the holidays while reflecting on our remarkable journey and the many successes we’ve achieved together as a team,” Jones
When Nadia Odunayo sat down in January 2019, she had a choice to make: pursue her idea for a running app or dive into her passion for books. She chose the latter, and what started as a side project quickly evolved into The StoryGraph, a community-driven social cataloguing web platform for books. With Amazon-owned Goodreads dominating the market, The StoryGraph has become a refreshing favorite for readers looking for a more personalized experience. Revolutionizing Reading With The StoryGraph Odunayo, a Black British engineer and entrepreneur, built The StoryGraph to offer
Rebekah Kasumu is on a mission to level the playing field for first-time fund managers. With over 15 years of experience in private markets, she recently launched Flourish Partners, a firm dedicated to helping emerging fund managers navigate the complex world of launching and growing their funds. A Career Built on Experience Kasumu’s track record spans leadership roles at top-tier firms. Before starting Flourish Partners, she worked as Partner and Head of Finance at Localglobe, managing over $2 billion in assets across more than 15 funds. She also led finance and
