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  • 11-08-2023 Black-Owned Social Media App Spill Snags Another $2M

11-08-2023 Black-Owned Social Media App Spill Snags Another $2M

PLUS: EU Tech Leader Takes TikTok and Twitter (X) to Task Over Content Moderation

Author

Lisa D. Sparks
November 08, 2023

We’re excited to hear Spill, a black-owned app designed to harness the power of Black Twitter, earned another $2 million in funding before they even officially open the firm up to traditional venture funding opportunities.

This shows the app is being taken seriously and could change the landscape of social media. Many have felt social media leverages the talent, language, and culture of Black people without spotlighting or giving creators credit. Spill seems to be aimed at reversing that trend, making a ‘for us, by us’ social media platform. Note: Their total pre-seed funding, including today’s $2 million announcement, totals $5 million.

Today’s Top 5 News Stories in Tech, Race, and Gender

1/ Black-Owned Social Media App Spill Snags Another $2M

Spill toasts one year with a $2M seed extension, Kerry Washington and Champagne | TechCrunch

Social media app Spill has come to be a bright spot for users in the post-Twitter era.

techcrunch.com/2023/11/07/spill-toasts-one-year-with-a-2-7m-seed-extension-kerry-washington-and-champagne

2/ EU Tech Leader Takes TikTok and Twitter (X) to Task Over Content Moderation

EU digital chief urges TikTok, X to increase clean-up efforts

Video sharing app TikTok and social media platform X both need to step up their efforts to counter illegal hate speech, European Commission Vice President Vera Jourova said after meetings with their executives on Tuesday.

www.reuters.com/technology/eu-digital-chief-urges-tiktok-x-increase-clean-up-efforts-2023-11-07

3/ FinTech Firm Ebanx Expands from Latin America to Africa

How regulation and consumer behavior drives fintech growth in Africa

Wiza Jalakasi, Ebanx’s director of Africa market development, discusses the opportunities in African fintech.

restofworld.org/2023/3-minutes-with-wiza-jalakasi-ebanx

4/ Billionaire Robert F. Smith Drops Gems at AfroTech 2023

AFROTECH Conference 2023: After Helping A Company Earn Millions As A Chemical Engineer, Robert F. Smith Wanted To Be On The Other Side Of The Equation - AfroTech

After earning a company millions of dollars, Robert F. Smith wanted to be on the other side of the equation.

afrotech.com/robert-f-smith-afrotech-conference-2023

5/ ️23andMe Just Now Implemented Default 2FA After Theft of Millions of User Records

23andMe data theft prompts DNA testing companies to switch on 2FA by default | TechCrunch

The move to improve user account security comes after a hacker claimed the theft of millions of 23andMe user records data.

techcrunch.com/2023/11/07/23andme-ancestry-myheritage-two-factor-by-default

What’s Happening in Tech

Future of AI Summit 2023 - A Financial Times Live Event

Financial Times Future of AI Summit 2023 is a two-day event for policy makers, business leaders and AI experts to explore how this crucial technology can be leveraged for maximum effect.

November 15 - 16, 2023

ai.live.ft.com

Palate Cleanser

The eye-popping new school designed by its pupils - Positive News

What happens when you let children design their school? For clues look to Madrid, where this fantastical, pupil-led property recently opened

www.positive.news/society/education/the-eye-popping-new-school-designed-by-its-pupils

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