Social Media News: TikTok supporting black business owners, Snapchat available on Chrome

Whether or not your small business has an eCommerce website, social media can drive customers to your door. Social media is now an essential part of doing business, and it is one of the more cost-effective marketing tools available to small business owners.

Tiktok is quickly becoming a platform for more than just dance videos. It has evolved into an extremely effective marketing tool for both large and small businesses. If you want to engage your audience, learning how to make TikTok videos will be beneficial. This article will teach you how to create the best TikTok video for your company.

TikTok has announced that applications for the third round of their Support Black Businesses accelerator program are now being accepted. The program is intended to raise the visibility of Black-owned businesses on TikTok’s growing platform by providing exclusive access to resources, benefits, and networking opportunities.


Ally Financial Celebrates Black Business Month with $30M investment to support black entrepreneurship

Did you know that Black Founders begin their startup journey with at least $72,000 less than their white counterparts on average? Aside from receiving less capital, Black businesses are three times more likely to experience lower profits as a result of less funding. Many more issues have been addressed by Black founders in recent years. In honor of Black Business Month, Ally Financial has pledged to address the issues and help founders of color rise back up in their businesses by investing $30 million in venture capital funds. 

Ally Financial will also partner with Fearless Fund as a primary investor to develop programs that advocate for and encourage Black entrepreneurship, as well as education on opportunities to grow their wealth, inspiring an entire generation of future Black business owners.In addition to assisting and honoring Black-owned businesses across the country, the finance firm will make a consistent effort to assist businesses and their founders with any necessary funding and consultative services. Fearless Venture Capital Week, a celebration of women entrepreneurs, will be held now that Ally is a top investor with Fearless Fund. 

Ally Financial, an industry-leading digital bank holding company committed to its saying of “Do It Right,” has a reputation for standing by its consumers on a commercial and corporate level. Ally is made up of independent auto finance and insurance operations and has won awards for its digital bank service, which offers unique mortgage lending, POS personal lending programs, and an array of deposit products not offered by other competitors. 

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