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.
Members-only home swapping network Kindred recently announced its launch alongside a $7.75 million seed round led by Andreessen Horowitz. Homeowners and renters can exchange homes on Kindred's platform, which the company says allows members to travel and take advantage of remote-work flexibility at the fraction of the cost of a hotel or rental home. Justin Palefsky and Tas Amina, co-founders of Kindred, join Cheddar News' Closing Bell to discuss.
Despite Elon Musk making the deal to buy Twitter, it's still unclear as to what all of his plans might be for it. Tesla’s stock dropped on Tuesday, potentially due to concerns over what the situation might mean for the EV maker going forward. Hatem Dhiab, a managing partner at Gerber Kawasaki Wealth & Investment Management, and Bruce Goldfarb, the president and CEO of Okapi Partners, joined Cheddar News to talk about the ramifications of the acquisition for both Tesla and Twitter stockholders. "I think people are scared because the deal has some leverage that's tied to Tesla stock, and people are worried that maybe Elon will sell some of his stock," Dhiab said about the purchase. "But I don't think that that's likely."
Clothing brand PacSun and online thrift retailer thredUP are partnering up for "Pre-Loved Pac," a 360-resale program allowing PacSun customers to clean out their closets for credit and shop for gently used clothing directly through PacSun's website. Pacsun co-CEO Alfred Chang and thredUP CEO James Reinhart joined Cheddar News to talk about their collaboration. "The latest research shows that over 50 percent of this generation has engaged in either selling or purchasing something at resale," Chang said. "It's important to them and it's important obviously to the world in terms of what we can do in terms of recycling clothes."
New Jersey has legalized recreational marijuana. The state missed cannabis holiday 4/20 by just a day. Cannabis giant Curaleaf operates three dispensaries in New Jersey. The company's CEO Joe Bayern joins Cheddar to recap the big day.
