Apple faces its largest decline since 2020, leading the race of significant drops in technology stocks as President Donald Trump announced a 10% tariff on all imported goods and higher duties targeting specific countries, according to CNBC. Trump shared the news about tariffs from the White House’s Rose Garden after the market closed on Wednesday, April 2, 2025, raising concerns about a potential global trade war . According to a White House fact sheet, the tariffs will take effect at 12:01 a.m. EST on Saturday, April 5, 2025. “Today, President Donald J. Trump declared that foreign trade and economic practices have created a national emergency, and his order imposes responsive tariffs to strengthen the international economic position of the United States and protect American workers,” the fact sheet read. On Thursday, April 3, Apple stock declined by over 8%, Meta Platforms and Amazon each dropped about 7%, and Nvidia and Tesla experienced declines of over 4%, per CNBC. The...

Amazon, owned by Jeff Bezos, has placed a bid to acquire TikTok. As AFROTECH™ previously told you, the app owned by ByteDance is facing a ban in the United States due to its association with China — although TikTok states it is not tied to the Chinese government. The app will only avoid a ban if it is sold to a company based in the United States. At the time of this writing, ByteDance has shown no interest in selling TikTok, which reaches over 170 million users in the United States, despite the ban’s looming deadline of April 5. The target date was extended by 75 days after Donald Trump signed an executive order upon assuming office on Jan. 20. “We have been fighting to protect the constitutional right of free speech for the more than 170,000,000 Americans who use our platform every day to connect, create, discover, and achieve their dreams,” TikTok CEO Shou Zi Chew said on the platform. “On behalf of everyone at TikTok and all our users across the country, I wanna thank President...

Tesla’s delivery numbers are in. Elon Musk, founder of the electric vehicle and clean energy company, has faced significant setbacks, partly due to his decision to align with President Donald Trump. Musk is working at the Department of Government Efficiency (DOGE), therefore he has access to the sensitive information of American citizens, CBS News reports. Additionally, staffers involved with DOGE — along with employees from Musk’s companies, Tesla and SpaceX — are part of an effort to shut down federal agencies with the goal of decreasing government spending, NPR notes. So far, DOGE has also ended 109 contracts, including those the Department of Energy and Department of Commerce had, with a “ceiling value” exceeding $1 billion, which led to $420 million in savings, Newsweek mentions. DOGE’s efforts have been met with great opposition, which has also impacted Tesla. A survey conducted by NBC news states that while 46% of voters say creating DOGE was a good idea, 47% have a negative...

The tech industry faces uncertainty and fear due to the Trump administration’s strict immigration policies, leading companies to advise employees on visas not to leave the United States because they might not be allowed to return. During President Donald Trump’s first term, the denial rates for high-skilled visas increased to 15%. Law firms have warned that a similar upward trend is possible during his current presidency , according to The Washington Post. “What we’re seeing right now is just a lot of worry and panic,” said Principal Attorney Malcolm Goeschl of Goeschl Law, a San Francisco, CA, firm specializing in business immigration for the tech industry . “It seems like [the administration is] just getting more and more momentum, and we don’t know what’s around the corner.” Silicon Valley , Northern California’s global hub for technological innovation, is known for housing many of the world’s largest tech companies and producing groundbreaking inventions. Tech giants in the...

The restaurant industry remains in a state of constant uncertainty, and Hooters of America is the latest brand to find itself under scrutiny. According to CNN, the fast-casual restaurant filed for Chapter 11 bankruptcy in a Texas court, formally beginning a 90 to 120-day restructuring process aimed at preserving the brand while retooling its financial foundation. Despite widespread speculation about Hooters’ restaurants closing, the chain clarified that it has no plans to disappear from the casual dining scene. Instead, it’s reorganizing and transferring ownership of over 100 company-owned restaurants to two major franchise groups, one of which includes the brand’s founders. This strategic pivot comes amid a string of high-profile restaurant sector bankruptcies, including Red Lobster and BurgerFi, as businesses grapple with elevated food costs, labor shortages, and shifting consumer behavior. Hooters’ current trajectory reflects economic pressures and deeper, more cultural...

Morgan DeBaun went against Silicon Valley’s metric of success. Her entrepreneurial journey began at age 13 when she started investing in the stock market. She later earned a bachelor’s degree in political science and entrepreneurship from Washington University in St. Louis, MO. By 2014, she had become a founder and CEO, launching Blavity Inc. — a global company dedicated to providing media and product solutions for Black Millennial and Gen Z consumers, as well as businesses and organizations aiming to connect with this audience. By 25 years old, she became one of the few Black women founders to secure $1 million in funding. Blavity Inc. has since continued to raise capital, successfully completing three acquisitions and integrations — two of which she executed before turning 24 years old, within just 18 months. The most recent, RNB House Party (now Blavity House Party), was acquired in November 2023. Today, Blavity Inc. encompasses brands like Blavity, AFROTECH™, 21Ninety, Travel...

Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. The question of who controls your data and how it’s used has been a topic of discussion since the dawn of the internet. The rise of social media giants like Meta and X has only heightened awareness and concern around data privacy. What happens when data collection goes beyond your age and interests to your genetic makeup? That’s the concern surrounding the recent news about 23andMe. As reported by AP News, the company has filed for Chapter 11 bankruptcy after former CEO Anne Wojcicki’s attempt to buy back the company’s assets fell through. Founded in 2006 by Wojcicki, Linda Avey, and Paul Cusenza, 23andMe was created to empower consumers with insights about their genetic makeup to inform health decisions. As reported by CTech, the company went public at a $3.5 billion valuation and was once valued as high as $6 billion. In addition to consumer-focused tests, 23andMe has contributed to genetic...

Despite major record labels suing it for its AI technology, Timbaland is standing beside Suno, the music creation program. As AFROTECH™ previously told you, Timbaland aligned himself with the artificial intelligence (AI) music creation tool Suno in October 2024, taking on the title of its strategic advisor. He had already been an avid user of the platform for several months. “You can put out great songs in minutes,” he said during an interview with Rolling Stone. “I always wanted to do what Quincy Jones did with Michael Jackson’s ‘Thriller’ when he was [almost] 50. So my ‘Thriller,’ to me, is this tool. God presented this tool to me. I probably made a thousand beats in three months, and a lot of them—not all—are bangers and from every genre you can possibly think of. I just did four K-pop songs this morning!” Timbaland’s embrace of AI is not new. While speaking at the AFROTECH™ Conference in November 2023, during a panel titled “From Producer to Founder: A Conversation with...

The popular pop the balloon dating show concept will be making its way to Netflix. “Pop the Balloon or Find Love” is a hit dating show that started on YouTube . Hopeful romantics put their fate in the hands of potential matches. Contestants signal their interest, or lack thereof, by keeping their balloons intact, symbolizing a spark, or popping them to show disinterest. The YouTube series was brought to life by self-employed m ultimedia producer and musician Bolia Matundu (BM) and his wife, Arlette Amuli, a beauty and lifestyle creator. During an interview with Essence GU, BM admits that versions of the concept started to pop up in the wake of COVID-19 in 2020. “Around the pandemic, everyone was doing their own versions on YouTube, and I just wanted to create a version that I had a vision for,” BM told Essence GU. “So I wanted my wife to host…I wanted it to be more mature as well so trying to get people that are working class, people that have good jobs, and it just kicked off.” He...

A directory listing Black doctors has been sued. The Black Doctors Directory offers a comprehensive list of Black doctors in southeastern Pennsylvania, Delaware, and New Jersey. Its website mentions that the directory covers specialties such as family medicine, allergy and immunology, neurology, gynecology, and hematology, and highlights doctors who provide high-quality and culturally competent care . “Racial health disparities contribute to poorer outcomes for Black residents, regardless of their education, income, or insurance. Research shows that racial congruence in healthcare—when patients are treated by doctors who share their race—improves outcomes for African American patients,” a statement on the directory’s webpage reads. The directory was launched by Pennsylvania’s only Black talk radio station, WURD Radio, and is presented through a partnership between Penn Medicine and the Consortium of DEI Health Educators. However, the directory is now facing legal scrutiny due to a...

We are giving our flowers to Black leaders who are shaping the future. Established in 2022, the AFROTECH™ Future 50 list will commemorate innovators, visionaries, founders, venture capitalists, technologists, and changemakers in the technology sector who have made historic strides, lifted as they climbed to create a more inclusive future, and are transforming their sectors and communities. AFROTECH™ Future 50 Categories There are five categories for submission. The Dynamic Investors category highlights venture capitalists who have not only driven strong returns but have also championed underrepresented founders in technology. A prime example is Charles Hudson, founder and managing partner of Precursor Ventures, which manages over $175 million in assets and has made more than 413 investments, according to Carta. Next, the Future Makers category will honor Black professionals who have achieved historic firsts, earned industry recognition, launched groundbreaking products, measured...

On March 15, 2025, the U.S. bombed Houthi terrorist targets across Yemen. But two hours before the world knew, a Signal message had already mapped the strike. The sender? Secretary of Defense Pete Hegseth. The recipients? Top intelligence officials, but also Jeffrey Goldberg, editor-in-chief of The Atlantic — a journalist inadvertently folded into the highest levels of American military planning. This wasn’t a clandestine leak. It was a raw, unfiltered display of the fragility of power in the digital age. It was a breach not orchestrated by a hostile foreign actor but self-inflicted — executed casually, almost thoughtlessly, by the nation’s top security officials on a consumer messaging app. For those of us who approach these matters with a deep understanding of U.S. statecraft and a critical perspective shaped by intellectual and resistance traditions, the story may demand more than mere procedural outrage. It calls for an unflinching analysis of how an empire, when unmoored from...

Editorial Note: Opinions and thoughts are the author’s own and not those of AFROTECH™. The tech industry has long had an obsession with youth. This is seen in how the industry conducts itself, who investors look to invest in, how people look at hiring in the world of startups, as well as which programs are being targeted by DOGE, and which ones aren’t, as they look to make the government more efficient. Over the last few months, the Department of Government Efficiency has aggressively looked for waste and fraud within the federal government. It started with organizations that do not come to mind for the average American, like the United States Agency For International Development, or USAID, which focuses on deploying aid to foreign countries for a variety of efforts centered around health, disaster aid, and economic development. DOGE came in like a wrecking ball to the organization, and as reported by ABC News in February, 4,080 employees worldwide were placed on leave and an...

At a time when public trust in government is already on shaky ground, the latest actions by the IRS and ICE are only deepening the divide. Word is spreading fast: the IRS is reportedly finalizing a deal that would give Immigration and Customs Enforcement (ICE) access to confidential taxpayer data to locate and deport undocumented immigrants. For many, this isn’t just another policy shift — it’s a direct betrayal of a system that asked for participation and is now threatening punishment in return. At the heart of this issue is more than just bureaucracy — it’s about survival, privacy, dignity, and the weaponization of information against some of the country’s most vulnerable communities. This marks a potential turning point in U.S. immigration enforcement strategy, raising significant privacy and civil liberties concerns across the country. A Dangerous Shift In Tax Data Use According to CNN, the proposed agreement between the IRS and the Department of Homeland Security (DHS) would...

If you’ve ever hesitated at checkout, wondering whether you need that grocery haul, electronics upgrade, or self-care splurge—you’re not alone. And Klarna, the AI-powered payments and commerce platform, is betting big on that exact moment of hesitation. Klarna has joined forces with DoorDash and Walmart to give shoppers flexible pay options. These strategic partnerships don’t just mark a shift in how we handle money at checkout—they reflect a deeper story about consumer habits, trust, and the evolving economy in 2025. Klarna And DoorDash Team Up According to an announcement from Klarna, DoorDash customers in the U.S. will soon see Klarna listed as a payment option when ordering from the app or website. This will make it even easier to snag groceries, electronics, beauty items, and even the DashPass Annual Plan without having to pay the full amount upfront. The options? Pretty straightforward and stress-relieving: Pay in full at checkout Pay in 4 equal, interest-free installments Pay...