CBX Daily 7/17/2024

Author

Majella Mark
July 17, 2024

Today Google weathers a lawsuit in new privacy concerns, but let’s start with how a storm can lead to economic reforms…

Cultural Intelligence Download

How To Economically Rebuild The Caribbean After A Hurricane

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According to a CARICOM analysis of a 2016 IADB report, six Caribbean countries would require an investment of $1.8 billion to replace inadequate housing due to impoverished building methods that leave devastating results after a natural disaster. Hurricane Beryl has had a devastating impact on Carriacou, Petite Martinique, and other Caribbean islands which has prompted many to think about what the future holds regarding tangible spaces for communities within the African Diaspora.

Google Cleans House By Erasing Browsing Record History

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Google (GOOG -0.77%) is finally settling a four-year old class action lawsuit. The tech giant was accused of improperly tracking the web-browsing habits of users who believed their activities were private in Incognito Mode. This private browsing option is designed to provide a cloak of anonymity, shielding users' digital footprints from prying eyes. However, the plaintiffs alleged that Google's actions betrayed this fundamental promise, intentionally deceiving millions of individuals who believed their online escapades remained concealed.

IPO Demand Is Waning Down 12% Globally?

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Wall Street seems to have pumped the brakes on Initial Public Offerings (IPO) as the markets continue their roller coaster run. Globally, IPO demand is waning down 12% as companies continue trading below their offer price. Herein lies the problem, fund managers tend to shy away from new issues, if recent ones they have bought are performing badly. This could keep IPO activity in the doldrums for the remainder of the year.

Is FemTech Changing Women’s $65 Billion Healthcare Market?

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Solutions tailored for subpopulations are emerging for Black women in the “FemTech” space. Products ranging from menstrual shapewear, fertility products, and healthcare networks have been created with the sole purpose of catering to the unique needs of women. Investors have increasingly supported a growing number of female-led, women’s health startups with the industry worth $22.5 billion in 2020 and expected to grow to $65.3 billion by 2027.

Women & People Of Color Drive Streaming Film Triumphs

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In 2023, women were the majority audience for nine of the top ten film releases and 17 of the top 20 by household ratings. Their share of streaming viewership rose to 31%, up from 25% in 2022. The surge in diverse viewership in streaming platforms marked a pivotal moment, showing a shift in the dynamics of the film industry. Women and people of color are not just passive content consumers but are increasingly taking charge in creating and producing films.

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