Latest Articles

Dawn Staley Snags $25M Contract Extension, Becoming The Highest-Paid Coach In Women's College Basketball History

Dawn Staley has made history yet again. The University of South Carolina’s women’s basketball coach continues to leave an indelible mark on the sport. Known for her trailblazing accomplishments, Staley first made headlines in 2021 when she became the highest-paid Black coach in NCAA women’s basketball, as previously reported by AFROTECH™. Her leadership has propelled the Gamecocks to remarkable success, including appearances in six NCAA Final Fours and securing the school’s first national title in 2017, Reuters reports. Since then, Staley has only strengthened her legacy. In 2024, under her guidance, the team celebrated an undefeated 38-0 season, culminating in their third national championship, according to Sports Illustrated. Notably, all three titles have been achieved during her tenure. A Historic New Contract Staley’s transformative impact on the University of South Carolina’s basketball program has earned her another groundbreaking contract. Per a university press release,...

Jan 17, 2025

Mellody Hobson Ends 20-Year Board Tenure At Starbucks And Vows To Remain A 'Steadfast Investor'

Mellody Hobson is exiting her board role at Starbucks. Hobson is well regarded for her efforts at Ariel Investments, a global value-based asset management firm, where she is responsible for management, strategic planning, and growth beyond research and portfolio management as co-CEO and president, her LinkedIn mentions . In 2021, Hobson launched Ariel Alternatives, LLC, leading to a $1.45 billion raise for its private equity fund, Project Black. This initiative aims to support both non-minority-owned middle-market companies and those currently owned by Black and Latino entrepreneurs that generate $100 million to $1 billion in revenue, as AFROTECH™ previously reported. With funding, these companies would then be expected to transform into certified minority business enterprises of scale to serve as Tier 1 suppliers to the Fortune 500. Hobson has also been tied to various corporate boardrooms. She was a board member of the Estée Lauder Companies and chairman of the board of DreamWorks...

Jan 17, 2025

How Roy Wood Jr Went From Cracking Jokes To Making $3 Million In Net Worth

If you’ve been plugged into the stand-up comedy scene at all in the last decade or so, you’re likely well acquainted with the name Roy Wood Jr. The hilarious comedian, best known for his work as a long-time correspondent and occasional guest host on Comedy Central’s “The Daily Show,” can most recently be seen cracking up the panel on CNN’s “Have I Got News For You.” Wood may not have invented the comedy news genre, though he’s certainly put his own entertaining spin on it, having gone on to head such significant events as the White House Correspondents Dinner . His latest stand-up comedy special, “Lonely Flowers,” premiered on Hulu today, Jan. 17. Since Roy Wood Jr has become such a hot commodity in the world of comedy lately, it only makes sense that fans are wondering just how much cash he’s taken in with his numerous hosting and writing gigs. Luckily, we’ve got you covered with a comprehensive guide to Wood’s life, career and overall net worth. Wood’s Early Life And Career...

Jan 17, 2025

Amazon Updates Company Policy, And Its Sections Titled 'Equity For Black People' And 'LGBTQ+ Rights' No Longer Exist

Amazon has updated its company policy and a section of its website that provides employment information, removing language that ensures protection for Black and LGBTQ+ employees. In late December 2024, the company removed statements supporting and advocating for transgender rights protections as well as expressing “solidarity” with Black employees and customers, according to The Washington Post. Amazon also removed language supporting laws to address misconduct and racial bias in policing, initiatives to protect and expand voting rights , and efforts to promote better health and educational opportunities for Black people. The sections titled “Equity for Black People” and “LGBTQ+ Rights” no longer exist in the company’s policy, along with all references to the term “transgender.” The “Diversity, Equity, and Inclusion” section now states that “inequitable treatment of anyone — including Black people, LGBTQ+ people, Asians, women, and others — is unacceptable.” A page once titled...

Jan 17, 2025

Supreme Court Upholds Law That Would Ban TikTok In The US Unless Its Parent Company Sells

The Supreme Court upholds the U.S. bill that would essentially ban TikTok. As AFROTECH™ previously reported, the Court demonstrated that it was “likely” to rule in favor of banning the application owned by ByteDance. A ban would result in the app no longer being available in the Apple App Store or Google Play Store, and over time U.S. users who have already downloaded the app would no longer be able to make system updates. TikTok has said the app would be wiped from phones if the ban is enforced. The Supreme Court’s stance supports a bipartisan bill that had been signed in April 2024 by President Joe Biden requiring ByteDance to sell TikTok to a U.S.-based company or face a ban of the app, according to NPR. There were national security concerns by the president and Congress surrounding China’s data access and the spreading of misinformation. TikTok is not in favor of the ban that would go into effect Sunday, Jan. 19, as its owners believe a ban restricts free speech. “The Supreme...

Jan 17, 2025

RedNote Market Share Soars As Americans Brace For TikTok Ban: Everything We Know About The Chinese Social Media App

As American social media users brace for the Jan. 19 TikTok ban , thousands have begun searching for alternative apps to satiate their doom scrolling fix. While many American-based tech CEO’s such as Mark Zuckerberg had hoped that the TikTok ban would encourage users to flock to other short-form video players such as Instagram or YouTube Shorts, it seems that the masses have stumbled onto an unknown gem called Xiaohongshu instead. The app, which translates to RedNote in English, is owned by a Shanghai-based company known as Xingyin Information Technology, and touts itself as a lifestyle, social networking and e-commerce service . Given that RedNote primarily serves a Chinese audience, it defaults to Mandarin upon download, and exposes new users to an audience of hundreds of millions of overseas subscribers. The sudden influx of so-called “TikTok refugees” has caused RedNote to skyrocket in popularity, taking it to the number one position among the free apps chart on both the Apple...

Jan 17, 2025

Charlamagne Tha God Reveals His Intention Behind Investing In Krystal Restaurants — And It Isn't To Make 'Mad Money'

Charlamagne tha God has been inspired by his father’s entrepreneurial spirit for as long as he can remember. His father, who owned a fish market and a construction business, told him long ago, “When you get a business, don’t put your name on it. Because people [will] hate on it for no reason.” He’s kept that advice in mind on his journey. Born Lenard McKelvey, Charlamagne has established himself as a radio host, television personality, comedian, and businessman. One of his latest ventures involves expanding Krystal Restaurants. In an interview with AFROTECH™ , Charlamagne said franchising has always been a goal of his, and partnering with Krystal, a beloved Southern staple, was a great opportunity. “It just became one of those things that me and my wife wanted to do,” he told AFROTECH™. “This is one of those situations that just happened pretty organically. And I was with it. My wife was with it. You know, my financial team was with it. And we made it happen.” Charlamagne and his...

Jan 17, 2025

Apple To Launch Its 2025 Swift Student Challenge To Uplift Developers, Creators, And Entrepreneurs

Apple is on the lookout for bright developers. The tech giant will soon be jumpstarting its 2025 Swift Student Challenge, which was created to empower rising developers, creators, and entrepreneurs. Its website mentions they will be tasked with scaling their ideas into an application leveraging tools that include Swift Playgrounds and Xcode. Previous winners include Keitaro Kawahara of Japan (PuzzlePix), Ruoshan Li of China (Deep Blue Tangram), and University of Alabama at Birmingham student AJ Nettles, who submitted an application named CryptOh. As AFROTECH™ previously told you, his app includes an interactive guide that explains the importance of password security and serves as a password manager and generator. “I wanted to make it easier for people to store their passwords and not have them on a random sticky note on the edge of their computer,” he told AFROTECH™. Nettles was among the 50 Distinctive Winners out of 350 winners of the challenge in 2024, and he was able to meet...

Jan 16, 2025

Experts Debate Strategies On How To Safeguard Deepfake Technology That Has Been Used To Promote Misinformation

Artificial Intelligence (AI) has increasingly blurred the line between truth and fiction. For example, deepfake technology is the creation of a video, audio, or image via machine learning that draws inspiration from a real person, as the U.S. Government Accountability Officer mentions. Examples of this include a fake Kamala Harris presidential campaign video that Elon Musk shared in July 2024 with his millions of followers on X. The footage included Harris labeling herself as a “DEI hire” and sharing negative remarks about President Joe Biden. “I, Kamala Harris, am your Democrat candidate for president because Joe Biden finally exposed his senility at the debate,” she said in the altered clip. The video amassed 131 million views, according to NBC News. Notably, it violated Musk’s own policies for X—acquired by him in 2022—which state, “You may not share synthetic, manipulated, or out-of-context media that may deceive or confuse people and lead to harm.” Deepfake technologies have...

Jan 16, 2025

Rashida Jones, The First Black Woman To Lead A Major TV Network, Steps Down As President Of MSNBC

Rashida Jones is stepping down as president of MSNBC, marking a significant transition just days before President-elect Donald Trump returns to the White House . USA Today reports that she will remain in an advisory role until March. Rebecca Kutler, a Jones recruit from CNN and MSNBC’s senior vice president of content strategy, will serve as the interim president. “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 shared in an internal memo to staff, per USA Today. “This has been the most rewarding chapter of my professional career and I am immensely proud of what we have accomplished, which has been made possible only by you.” Jones was the first Black woman to head a major television news network when appointed in December 2020, AFROTECH™ previously reported. She succeeded Phil Griffin, officially stepping into the role in Feb. 1, 2021. Jones previously served as senior vice...

Jan 16, 2025

President-Elect Donald Trump Is Considering An Executive Order To Halt The Sale Or Ban Of TikTok

While the Supreme Court appears likely to uphold a ban on TikTok, President-elect Donald Trump seems to have different plans. TikTok Ban On Sunday, Jan. 19, the app is expected to be banned in the United States under the contingency that its parent company, ByteDance, does not follow a mandate to sell the app to a U.S.-based company, as AFROTECH™ previously reported. “On January 19th, as I understand it, we shut down,” TikTok lawyer Noel Francisco said in January hearing with the Supreme Court, per NPR. What’s The Issue? The potential TikTok ban is a result of concerns related to user data and the spreading of misinformation. However, TikTok, which has more than 170 million active users, argues this is in violation of the U.S. First Amendment, which protects freedom of speech. “The Supreme Court has an established historical record of protecting Americans’ right to free speech, and we expect they will do just that on this important constitutional issue,” TikTok previously said in a...

Jan 16, 2025

FICO Expands AI And Analytics Program To 3 HBCUs To Empower Next Generation Of Data Scientists

FICO is partnering with Historically Black Colleges and Universities (HBCUs) to educate the next generation of data scientists. According to a news release, the global analytic software company is bringing back its FICO® Educational Analytics Challenge for the second year. This will give students the opportunity to engage with real-world challenges in artificial intelligence (AI) and analytics, inspiring them to develop innovative solutions. This year’s challenge will center on empowering students to combat payment transaction fraud by tasking them with developing a robust fraud detection model. Students will be supported by Dr. Scott Zoldi, chief analytics officer at FICO, and his team of data scientists, who will also teach and mentor participants. Additionally, they will be given financial assistance and resources for internship opportunities. The FICO® Educational Analytics Challenge will expand to the following educational institutions in Spring 2025: F. Drake State Community...

Jan 16, 2025

Serena Ventures Participates In $10M Seed Funding Round For Women's Telehealth Startup Behind At-Home Device For Cervical Cancer Screening

Serena Williams is supporting innovation in women’s health. Teal Health The tennis star has aligned herself with Teal Health, a women’s health startup founded by Kara Egan (CEO) and Dr. Avnesh Thakor in 2020. According to the company website, Teal Health’s inception trickles back to Thakor’s medical experiences over the years. He observed insufficient innovation around cervical cancer screenings and created a self-collect prototype. With Egan’s two decades of experience in finance, health, and technology, the company was formed with the vision to develop an at-home self-collect cervical cancer screening kit, currently under FDA review. A user can start by requesting a kit, which initiates a vetting process to confirm eligibility. Once approved, the kit will be delivered to your home for sample collection. The sample is then mailed to a lab, and results are shared through Teal Health’s application. Users also have the option to speak with a provider for additional support. Teal...

Jan 16, 2025

LeBron James' Business Partner Maverick Carter Looks To Raise $5B For An International Basketball League That Rivals The NBA

LeBron James’ business partner and Klutch Sports Group Founder Maverick Carter is looking to own an international league. Since 2006, Carter has been working alongside James within the business world. The pair had been playing basketball together in high school, and Carter was a trusted figure in James’ life. For that reason he was tapped by the NBA superstar to assist him on the business side as his sports career was taking off. “He betted on me at a time I didn’t know what I was doing,” Carter recalled during an interview on the “ UNINTERRUPTED” podcast . “And, you know, I’m still learning every day. But he really gave me a shot and was like, ‘I’m gonna empower you.'” Since that time, Carter has been a pivotal player in James’ journey to becoming a billion-dollar athlete today. Carter has served as his manager , and they have launched several business together, including SpringHill Entertainment, which merged with British television, film, and music production company Fulwell 73...

Jan 16, 2025

LeBron James' Mom Said, 'Trust Your Gut,' While Considering A $10M Reebok Offer, Then In 2015, He Signed A $1B Lifetime Deal With Nike

LeBron James has revealed why he turned down a $10 million shoe deal at 18. The Los Angeles Lakers player appeared on the “New Heights” podcast to reflect on the array of shoe deals he considered during his early days in the league. While currently signed with Nike, James once weighed different options. At a young age, James was inspired by Michael Jordan and Penny Hardaway, who were both signed to Nike. When he began playing for AAU, he grew fond of Adidas, Nike’s retail competitor. “It was Adidas from seventh, eighth grade to pretty much my junior senior year. They sponsored us. Every year, we played in all the Adidas tournaments,” he said on the podcast. At one point, a wave of companies approached James, but he felt that Reebok had delivered the most compelling pitch. “I’m sitting across from the table. I’m a senior in high school…I’m going back to class the next day. They flew me in. I’m going back to St. Vince St Mary the next day, my senior year, and the guy slides over a...

Jan 16, 2025