Apple Inc. shared more information Wednesday about its plans to invest $100 million toward racial-justice goals. The company is making a $25 million contribution to help launch the Propel Center, which supports students and faculty members at historically black colleges and universities (HBCUs). Apple’s contribution will help the Propel Center offer programming virtually as well as in person through a physical campus at the Atlanta University Center. The company will invest $10 million in Harlem Capital, an early-stage venture-capital company that invests in diverse founders. Apple also intends to open an Apple Developer Academy in Detroit that will offer 30-day introductory courses for those considering becoming app developers as well as a more intensive 10- to 12-month program helping developers build their skills. Apple expects to serve nearly 1,000 students every year with programming in coding, design, marketing, and professional skills. Speaking with “CBS This Morning,” Chief Executive Tim Cook said that Apple is looking for “desire, creativity, and a level of interest” among applicants to this program. Cook also addressed Apple’s recent move to yank social-media platform Parler from its App Store. Parler is popular among conservatives but Cook said that the company “has some issues with moderation.” He noted that the app could eventually return to the App Store if Parler can “step it up on the moderation” as Apple’s action was a suspension, not a permanent ban. Apple shares have gained 6.4% over the past three months as the Dow Jones Industrial Average
DJIA,
has added 8.3%.
