JP Morgan Chase Provides $1.7M for Black Businesses

 

In a bid to promote equity in Black neighborhoods, JPMorgan Chase has awarded the Atlanta Wealth Building Initiative and the Center for Community Progress a $1.7 million grant, according to a new press release shared with BLACK ENTERPRISE.

What Happened to DJ Envy?

The Breakfast Club host is facing accusations that he aided a New Jersey house-flipper who lost investors millions. He says those claims are false and defamatory.

Five months after an Instagram account first accused New York City radio host DJ Envy of being complicit in a multi-million dollar real estate investment scam in New Jersey, the situation has turned into a sprawling web of lawsuits, countersuits, bankruptcies and media coverage.

Will Kanye West Surpass Jay-Z?

For the better part of hip-hop’s existence, it was solely considered a genre of music. We now recognize the larger cultural movement surrounding the New York-bred art form as a leading force driving growth in fashion, entertainment, food and beverage, and technology. As a result, the top 10 highest earners of 2019 on Forbes’ annual list of hip-hop’s richest account for a staggering $633,500,000 in combined earnings. And for the first time in his career, Kanye West ($150 million) has outpaced the rest of his competitors to take the top spot — leapfrogging JAY-Z by $69 million.

It was certainly a banner year for West, especially considering he claimed to be $56 million in debt just over three years ago. While earning the top spot is certainly noteworthy, his income jumped dramatically between 2018 and 2019, accounting for a net increase of $122,500,000. Although the entire industry had a great year — with the top 20 acts’ revenue increasing by 33 percent since 2018 — the huge financial increase poses an interesting question: with an album on the way, YEEZY accounting for $1.5 billion in annual sales, and a track record of exploring radical projects, will Kanye West be joining JAY-Z in the billionaire’s club?

Will Facebook Issues Be The Downfall Of TikTok, Spotify, And Tinder?

A number of popular apps and services including Spotify, Music Blogs, Pinterest, and Tinder were inaccessible today on iOS devices due to a now-resolved issue involving Facebook log-ins.

There were widespread reports on social media of apps crashing whenever launched on iPhones and iPads, and corresponding outage spikes on DownDetector.com.

The cause of the outages seems to have been Facebook’s software development kit, or SDK, which many apps use to manage user logins. Users don’t have to be using Facebook to log into an app for this to affect their software (they don’t even have to have it installed), and there were no reports of the same apps crashing on Android.

We Miss Google+

Google+ was a social network owned and operated by Google. The network was launched on June 28, 2011, in an attempt to challenge other social networks. Google+ is now only available for G Suite customers, and it is no longer available for consumer (personal) and brand accounts.

A security bug allowed third-party developers to access Google+ user profile data since 2015 until Google discovered and patched it. Google+ made sharing online more like sharing in real life.

Due to low user engagement and disclosed software design flaws that potentially allowed outside developers access to personal information of its users, the Google+ developer API was discontinued on March 7, 2019, and Google+ was shut down for business use and consumers on April 2, 2019.

But here at The Wrap-Up Magazine, Google+ brought many viewers to our platform. We enjoyed and miss Google+.

Photos and videos stored in Google Photos, for instance, will not be affected. Your Google account, which is linked to services such as Gmail, YouTube and Maps, will continue to work, but your Google+ account, which was only used for the social network, will be deleted.

Miami's Having A Big Penthouse Boom

Five years ago, the housing market was in such bad shape in Miami that developers stopped building. Today, 94 towers are under construction–three featuring penthouses with price tags of $50 million or higher. Two with similar list prices have already gone into contract.

New Stadium Coming To Inglewood, California

Rams owner Stan Kroenke, who bought 60 acres adjacent to the Forum a year ago, has joined forces with the owners of the 238-acre Hollywood Park site, Stockbridge Capital Group. They plan to add an 80,000-seat NFL stadium and 6,000-seat performance venue to the already-massive development of retail, office, hotel and residential space, Stockbridge and the Kroenke Group told The Times.