By Taylor Durham Euro-centric companies are scrambling to add people from Africa to their reference panels The DTC genetic testing market is poised to triple in size to $3.48 billion by 2028 Companies like 23andMe and Ancestry have made a profitable model out of exploiting our natural curiosities, whether it’s tracing our lineage back to
By Taylor Durham 86.8% of Black students borrow federal loans to attend four-year public institutions 46% of all Black students are federal Pell Grant recipients A new college admissions scandal hit the news recently, involving parents who are disowning their children to secure financial aid. Read that again. Parents are actively giving up their legal
By Taylor Durham 45% of college students reported being food insecure There are more than 700 campus food pantries, up from 15 in 2012 Imagine as a student that you needed to apply for a loan to eat. It’s insane, right? Food insecurity is a growing problem that is plaguing college campuses across the country.
By Taylor Durham 86.8% of Black students borrow federal loans to attend four-year public institutions 46% of all Black students are federal Pell Grant recipients A second college admissions scandal hit the news recently, involving parents who are disowning their children to secure financial aid. Read that again. Parents are actively giving up their legal
By Taylor Durham Euro-centric companies are scrambling to add people from Africa to their reference panels In 2019, DTC genetic testing market raked in $1.09B in sales Companies like 23andMe and Ancestry have made a profitable model out of exploiting our natural curiosities, whether it’s tracing our lineage back to Africa or taking a greater
By Taylor Durham OpenInvest has started to divest from organizations plagued by diversity controversies By 2045, people of color will become the majority in the U.S. OpenInvest, a fintech startup in the Bay Area is betting on impact investing, creating one of the first “racial justice” index tools, giving investors the opportunity to customize their
By Taylor Durham OpenInvest has started to divest from organizations plagued by diversity controversies By 2045, people of color will become the majority in the U.S OpenInvest, a fintech startup in the Bay Area is betting on impact investing, creating one of the first “racial justice” index tools, giving investors the opportunity to customize their
By Taylor Durham 67% of African-Americans earning $50K or more have invested in stocks Compensation for CEO in America’s largest firms is now 312 times the average worker pay Investing is often touted as one of the most reliable pathways for wealth accumulation. The stock market is probably what comes to mind for most, but
By Taylor Durham 67% of African-Americans earning $50K or more have invested in stocks Compensation for CEO in America’s largest firms is now 312 times the average worker pay Investing is often touted as one of the most reliable pathways for wealth accumulation. The stock market is probably what comes to mind for most, but
By Taylor Durham Children from low-income families in affordable housing score better on cognitive development tests As of 2019, 67% of families favor school choice It takes a village to raise a child, whether that’s family or the community they live in. Especially, when you consider that children from low-income families in affordable housing score
By Taylor Durham Euro-centric companies are scrambling to add people from Africa to their reference panels In 2017, DTC genetic testing market raked in $90M in sales Companies like 23andMe and Ancestry have made a profitable model out of exploiting our natural curiosities, whether it’s tracing our lineage back to Africa or taking a greater
By Taylor Durham Byron Allen’s Weather Channel is being sued for deceptive data mining practices The Weather Channel app has over 100 million users The ongoing debate about digital privacy has blown the doors wide open at Byron Allen’s Weather Channel, less than a year after he purchased it for $300 million. Just last week
By Taylor Durham In 2017, 74% of Black TV viewers reported they stream some of their TV content Netflix recently announced it burned $3B in cash in 2018 Netflix (NFLX +1.04%) has been burning through cash to produce and distribute original content, with the hiring of a former ABC executive this might give insight into
By Taylor Durham Black entrepreneurship increased by 400% from 2017 to 2018 38% of all Black businesses are owned by women Black business ownership has dramatically increased, largely in part to due Black women, who own more businesses than any other minority group. Still, access to capital is an issue that plagues minority owners, many
By Taylor Durham Music sampling company Splice raised $57.5M The Winstons are credited with producing the most sampled piece of music in history The art of music sampling as we know today has been around for decades, made famous by the early DJ and producers of hip-hop. Now, music creation and collaboration company Splice has
By Taylor Durham The Weeknd invests in esports organization OverActive Media In 2019, eSports will surpass $1B in revenue Esports is believed to be the next wave of competitive entertainment and everyone is taking notice, since its expected to surpass $1 billion in revenue in 2019. This cash flow has attracted some big names, such
By Taylor Durham Philadelphia has one of the highest rates of Black homeownership at 44.6% The median net worth for an African American family is $9K We’ve all seen how African American homeownership has steadily declined since 2001, mostly due to the rise of gentrification in historically Black neighborhoods across the country. From Brooklyn to
By Taylor Durham Disney ups Hulu stake from 66% to 100% after taking over full operational control from Comcast 74% of African Americans use their smartphones to watch video content In a bid to command a larger share of the streaming market, Disney (DIS +0.02%) recently took full operational control of Hulu, Netflix’s (NFLX +1.83%)
By Taylor Durham Black unemployment has fallen to 6.7%, the lowest since 1972 Black income in San Jose, the capital of Silicon Valley is $65,400 compared to Atlanta at $48,200 The recovery from the Great Recession has in some ways led to a tiny reversal of the Great Migration. Black Americans took the hardest hit
By Taylor Durham OpenInvest has started to divest from organizations plagued by diversity controversies By 2045, people of color will become the majority in the U.S OpenInvest, a fintech startup in the Bay Area is betting on impact investing, creating one of the first “racial justice” index tools, giving investors the opportunity to customize their
