A survey by the Black Innovation Alliance reveals that Black entrepreneurs are creating more wealth through digital businesses, closing the gap usually faced. Black Innovation Alliance (BIA) reported that the survey findings breathe new life into their belief that the digital economy could serve as a leveler for the Black community. Black people receive approximately 1% of venture capital funding, although they comprise 13% of the US population. However, the findings show that emerging technologies will create new wealth and digital worlds for the Black community. Black Liberation and the
South Africa’s Competition Commission released a report that alleged that Google and tech companies were hindering fair market competition and the growth of South Africa’s digital economy. The watchdog claimed that Alphabet Inc. -owned Google’s search dominance “distorts platform competition” in favor of prominent market players. In addition, the report recommends several remedies focused on improving visibility for smaller South African companies in search results to address the issue. What did the report find? According to the commission’s report, Google’s model disadvantages new, small and underfunded South African businesses. The
