By Jennifer Ford For the month of November, the Black unemployment rate was at 6.7%, higher than any other ethnic demographic The Great Resignation has empowered Black workers to opt out of inequitable labor participation The U.S. Department of Labor released its unemployment data for the month of November, and it reveals a drop in
By Jennifer Ford Shaq serves as an advisor to The Beachbody Company that went public in a $2.9B offering The fitness Company expects to earn more than $1B in 2021 revenue Four-time NBA champion Shaquille O’Neal along with other partners successfully raised $250 million for their SPAC Forest Road Acquisition Corp. As we reported in
By Jennifer Ford Drake and Amazon founder Jeff Bezos contributed to Overtime’s $80M Series C funding round There’s a 6% chance of high school athletes competing at an NCAA university Overtime, a sports media start-up for high school sports is big business as the company just raised $80 million in its Series C funding round
By Jennifer Ford Jay-Z and Twitter CEO Jack Dorsey added 500 BTC, worth roughly $23M, to ₿trust ₿trust will initially focus on Bitcoin development in India and countries in Africa Hip-hop and finance have collided with Business Mogul Jay-Z along with Twitter (TWTR +3.71%) and Square’s (SQ -4.30%) CEO Jack Dorsey have teamed up to
By Jennifer Ford Nigeria finally gets its first Bitcoin ATM The global Bitcoin ATM Market is expected to reach $147.9M by 2025 The first Bitcoin ATM (BATM) has finally landed in Nigeria. There’s been a growing need in the country for a fiat-to-crypto currency machine, as the global Bitcoin ATM Market is expected to reach
By Jennifer Ford ShopHQ CEO banks on exceeding $200M in annual revenue with Shaq deal NBA Hall of Famer Shaquille O’Neal adds home shopping network to his list of successful business interests Former NBA great Shaquille O’Neal has entered the home shopping network arena, and like all of his business ventures, he has dominated. In
By Jennifer Ford Facebook is spearheading 2Africa, a subsea internet cable project that will surround the continent and is nearly the length of Earth Currently, only about 1 out of 4 Africans have internet access Facebook (FB -1.74%) hopes to close the inequity gap of internet access in Africa through 2Africa, a subsea cable project
By Jennifer Ford Steph Curry takes part in Tonal’s $110M funding round The home fitness equipment market is expected to reach a value of $23.27B by 2025 Major athletes like NBA player Steph Curry are all in on the work-out-from-home craze by getting in on Tonal, a strength training home fitness company’s latest $110 million
By Jennifer Ford Kobe Bryant’s Athlete-centered skincare line AOS raises $6M and is expected to see a 600% growth by late 2021 Target offers its 14-product line, and the brand secured a special deal with Amazon The late Kobe Bryant co-founded Art of Sport skincare, designed to address the unique hygienic needs of athletes and
By Jennifer Ford Stiletto sales for luxury brands like Capri Holding’s Jimmy Choo saw a 23% decline during pandemic Souped-up sneakers emerge as the comfort fashion alternative as Hip Hop artists help shape the growing market Before the pandemic, dress shoes were experiencing a decline in sales and now things are even worse because from
By Jennifer Ford Securing $100M in funding to expand could give Savage x Fenty brand a valuation of $1B Rihanna’s Savage x Fenty brings in about $150M in revenue but is not yet profitable Rihanna’s lingerie brand, Savage x Fenty, has engaged Goldman Sachs (GS -2.74%) to spearhead a $100 million fundraiser. Reportedly the capital
