PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to black and Hispanic applicants, costing her millions of dollars. and her New York-based venture capital firm Andav Capital is part of a growing push among some conservatives to curtail diversity, equity and inclusion initiatives in corporate America.
Nisha Desai of venture capital firm Andav Capital accused PayPalof racial bias for restricting part of a $535 million investment program to black and Hispanic applicants, costing her millions of dollars.Desai said she spent 1-1/2 months seeking funding before PayPal stopped communicating, even as the company invested $100 million in 19 venture capital firms led by blacks and Hispanics.
“To PayPal and its executives, Asian Americans might be minorities, but they’re the wrong kind of minority,” according to the complaint in Manhattan federal court.Seattle preps for traffic nightmare as 50,000 Amazon workers return to office full-time