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Twitter Backed Minority-Led VC Firms But Has Now Dropped Its Support Team, Leaving Fund Managers Scrambling

Twitter Backed Minority-Led VC Firms But Has Now Dropped Its Support Team, Leaving Fund Managers Scrambling

Elon Musk’s acquisition of Twitter has been a rollercoaster experience.

The purchase of the social media giant came with significant changes including massive layoffs and payments for the once-coveted blue check.

Not to mention, AfroTech reported that one of the significant shifts with Musk as CEO was the closing of Twitter’s Africa office. The Ghana office had only 20 employees but was closed just days after officially opening.

Surprising moves like the layoffs and added restrictions have been back to back as Musk navigates his power leading the company. A recent development in the shake-up is the dissolution of its corporate development team that supported minority-owned venture capital firms.

According to Forbes, Twitter could be backing out of its promise of millions to venture capital firms and small businesses.

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