CBX Daily 12/20/2024

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CultureBanx Team
December 20, 2024

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Today, generational wealth takes center stage, but let’s start with how remote jobs are helping the corporate diversity page …

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Are Remote Jobs Enhancing Diversity Recruiting?

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In the contemporary business world, diversity and inclusion have become more than just buzzwords. They are essential elements that contribute to the growth and success of an organization, as a recent Harvard study found that 6 of 10 jobs at large firms can be done remotely. With the advent of remote work, companies have a unique opportunity to enhance their diversity recruitment strategies. 

Improving Corporate Diversity

Black Families Ongoing Quest For Generational Wealth     

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The creation of wealth within Black families is a struggle confronted with racial disparities in homeownership, business ownership, and wage gaps. Black workers' median annual wage is about 30% lower than that of white workers, according to a report from McKinsey, further widening the wealth gap. This issue, sitting at the intersection of business and culture, warrants urgent attention and action. 

2025 Prediction: A Surge of Self-Serve CTV Buyers

Roku predicts that 2025 will be a breakthrough year for self-serve CTV advertising. Roku Ads Manager makes it easy to integrate CTV into your 2025 marketing mix. Easily segment your target audience, optimize campaigns in real-time, and drive conversions with interactive ad formats and shoppable ads with a Shopify integration. Roku Ads Manager makes CTV advertising accessible and impactful for businesses of any size.

Money Is Pouring Into AI Startups, But The Profit Isn’t Coming Out For VCs          

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It’s rare to read headlines about startups raising millions in Venture Capital (VC) funding, without Artificial Intelligence (AI) being at the forefront of their product offering. That’s because the market for AI has been experiencing rapid growth, going from a valuation of $136.6 Billion in 2022, to an expected $1.8 Trillion by 2030. However, while funds are pouring into AI startups, not a ton is coming back out at the other end. In fact, last year, venture funds invested $60 billion dollars more than they collected - a record profit gap.  

Court Blocks Nasdaq Diversity Rules Challenging Corporate DEI Efforts              

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Wall Street's second-largest exchange now faces a dramatic shift in its push for diverse board leadership representation. Nasdaq's groundbreaking board diversity rules hit a major roadblock as the U.S. appeals court ruled that it could not impose rules requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not.    

Latinos Join The Chat As Concord Snags Daddy Yankee’s Catalog               

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Puerto Rican rapper Daddy Yankee is cashing in on his hits by selling his publishing rights and recorded music catalog for a cool $217.3 million. The reggaetón star's rights to global chart-toppers “Gasolina”, “Rompe” and Luis Fonsi joint “Despacito” will be part of the largest and most significant deals in Latin music, a genre which continues to soar to new heights and set U.S. revenue records. The agreement will cover all of Daddy Yankee’s tracks produced between 2002 - 2019, plus his name, image and likeness (NIL) rights.      

Tune-in Tuesdays!

There’s a rising trend of internet and social media shutdowns in Africa. Is this about curbing unrest or a desperate move by governments to suppress dissent and control freedom of expression?

A. "Game" by Vanessa Mdee – Governments are playing a dangerous game citing that shutdowns are in the interest of national security to prevent potential chaos fueled by online mobilization and misinformation
B. "Stamina" by Tiwa Savage, Ayra Starr & Young Jonn – While these shutdowns might be temporary, the African public's resilience and creativity are endless. Governments can't suppress the need for communication and freedom forever
C. "Insecure" by Sauti Sol – These shutdowns are a clear indication that African leaders are afraid of the power social media gives the people. It’s a last-ditch effort to maintain power in an era of digital activism

What are your thoughts on this? Tune in next Tuesday to see which jam captures the prevailing sentiment!

A  |  B  |  C

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