Business
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Businessman Notoriously Criticized for Exploiting Black Music Artists Calls Out Corporations for Exploiting Black Community
Diddy is dabbling in an interesting (and dangerous) game of “This you??” on Black Twitter. In a letter addressed to General Motors published via his Revolt TV website on Thursday, Diddy (born Sean Combs) critiqued the corporation that “exploited our culture, undermined our power, and excluded Black entrepreneurs from participating in the value created by…
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Triller Network Acquires Verzuz, Swizz Beatz and Timbaland to Join Management Team
It looks like it’s a case of owner money Verzuz executive money because creators Swizz Beatz and Timbaland have some huge news! According to Billboard, the streaming platform and global pandemic lockdown-era phenomenon has been acquired by Triller Network, which is the parent company of the Triller video-making and social media app. “This is a…
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So I Guess Square, Inc. Had Dinner With Jay-Z and Is Now Acquiring a Majority Stake in Tidal
Yes, I’m about to make an “I’m not a businessman, I’m a business, man” lyric reference in a lede about Shawn “Jay-Z” Carter yet again—and no, you cannot stop me. I mean, my editor can, but I digress. (Editor’s note: Go forth and prosper…like Jay-Z.) THE POINTS IS…the line following the oft-quoted line is equally…
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Jay-Z Shares His 'Empire State of Mind' With LVMH, Forms Partnership With Moët Hennessy
Shawn “Jay-Z” Carter is hellbent on journalists referencing his “I’m not a businessman, I’m a business, man” lyric in the article’s lede with every money move he makes, isn’t he? Oh look, I did it again. Here’s the news—LVMH (Moët Hennessy Louis Vuitton) has acquired a 50 percent stake in Jay’s champagne brand Armand de…
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37 Major Companies Join Effort to Hire 1 Million Black People Over 10 Years
Recruitment startup OneTen has joined forces with 37 major companies to employ 1 million Black people over the course of the next 10 years. NBC News reports that Comcast, Nike, and Target are among the companies that have agreed to work with OneTen on this endeavor. The coalition will focus on finding sustainable careers for…
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Black Ambition: Pharrell Launches New Initiative for Black and LatinX Entrepreneurs
Award-winning producer and fashion icon Pharrell Williams has announced the launch of his new nonprofit initiative, Black Ambition, “dedicated to Black and Latinx entrepreneurs who are launching tech, design, healthcare, and consumer products/services start-ups.” In a press release sent to The Root, the initiative will also include two prize competitions: The Black Ambition HBCU Prize…
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Nasdaq Pushing Corporations to Do the Bare Minimum When It Comes to Diversity on Their Leadership Boards
Alright, LLC Twitter, this one’s for you: Nasdaq has announced plans to push for corporations to do the absolute bare minimum in ensuring diversity in their boardrooms. According to ABC News, a proposal submitted Tuesday by Nasdaq to the U.S. Securities and Exchange Commission would require companies listed on the stock exchange to publicly detail…
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#MoreThanCoffee: BLK & Bold Serves Your Morning Brew With a Side of Social Impact
It’s International Coffee Day—does your favorite grind make an impact? No, we’re not talking about that anticipatory jolt of caffeine, though if you’re anything like most of the members of The Root crew, you may be on your third or fourth cup while reading this (so, no judgments)—or perhaps your chosen pick-me-up is a cup…
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American Express Launches 'Coalition to Back Black Businesses,' Applications for First Round of $5,000 Grants Now Open
The coronavirus pandemic has placed an extraordinary toll on the Black community. The virus has become the third-leading cause of death for Black people and the economic fallout has had a disproportionate effect on Black people, as well. A program launched by American Express intends to alleviate some of the economic stress. Fast Company reports…
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Coronaaa?! Soulja Boy's Soap Business Is Booming Due To Coronavirus
Soulja Boy (born DeAndre Way) has always been ahead of the game. He has boasted that he “created the internet” and he was definitely one of the first to use YouTube as the primary marketing tool it has become, uploading his first video just a mere three months after the juggernaut platform’s official launch in…