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
Black-owned social media network Fanbase has reached $12.7 million of its $17 million equity crowdfunding campaign. Founder Isaac Hayes III announced the milestone in an Instagram post, saying, “This raise is part of a larger mission to democratize ownership in the social media space.” Hayes is shifting away from traditional venture capital and turning to the community for investors, as the public now has the opportunity to own a stake in the platform. Fanbase’s equity crowdfunding campaign It reached $10 million of its equity crowdfunding campaign in 2024, which reportedly made Hayes
