Underrepresentation of women in key media roles has been a consistent theme throughout the years. The discrepancy has been even more pronounced among minorities. Brande Victorian, Managing Editor at Madamnoire, and Robyn Moreno, Co-President at Latina Media Ventures join us on Cheddar to discuss diversity in media.
Victorian chats about the biggest challenges of being part of a minority-run publication. Victorian said a big challenge is advertising. Competition is stiff, and they don't typically have the same funding as large corporations such as Vice and Complex.
Moreno weighed in by saying minority work has never been more important due to the current political climate.
Latinos made up just 3% of speaking roles in the top 100 films in 2016, despite making up about 26% of the U.S. population. Moreno said Latinos are holding up the movie industry. She said 1 in 4 movie tickets are bought by Latinos. Not only isn't it insulting, she said, but it's also bad business.
Vast Bank, a Tulsa-based financial institution that has been serving customers for nearly four decades, says it is the first to provide users ability to buy, sell, and manage cryptocurrencies directly with their bank accounts. Brad Scrivner, CEO of Vast Bank, explains how his bank's platform is making it easy for people to acquire crypto.
Trove, a resale platform and resource for fashion brands like Lululemon, Patagonia, and REI, recently completed a Series D round of fundraising for $75.5 million. CEO Andy Ruben joined Cheddar to discuss the fast growth of the apparel recommerce space (the selling of previously owned clothing) and how his company plans to expand its services. "Resale is the fastest growing sector in retail today," he said. "And this new funding allows us to meet the demand of the number of brands that want to own their secondary market platform."
First American Deputy Chief Economist Odeta Kushi joins Closing Bell to discuss the pros and cons of renting vs. owning your home in the current market. Owning can involve extra costs -- but compared to renting, it's better to own in order to build equity.
