As the founder and CEO of Huda Beauty — which has more than 50 million Instagram followers and a net worth of $500 million — Huda Kattan is one of the more influential people on the planet.
“Our mission at Huda Beauty is to un-f*** the beauty standards,” Kattan told Yahoo Finance at Gary Vaynerchuk’s Web 3.0 conference VeeCon at US Bank Stadium in Minneapolis (video above).
The beauty influencer is now shifting gears and bringing her success to the NFT realm. Kattan already owns hundreds of NFT’s, including the projects from World of Women, most of which she purchased on the marketplace OpenSea.
“As much money as I’ve made, I’ve lost a lot of money,” Kattan said about her new investments. “And it’s very easy to be like, ‘Oh my god buy this lipstick.’ There’s no real downfall — if you don’t like it, you lost $20. If you invest in an NFT project, you become part of the community, you invest so much time. And if that doesn’t go well, that’s your wealth, that is your livelihood.”
Kattan, who started out with nothing but a dream and a $6,000 loan from her sister, founded her success on creating a world of acceptance through social media, highlighting transparency, and empowering women.
Like her love for makeup, digital art is something Kattan truly enjoys, so investing in NFTs is not entirely a financial play for her. Like most at VeeCon, there’s an emotional attachment which can be dangerous for those who can’t afford to lose.
“Passion is essential,” said Kattan. “I know not everybody feels that way, but I do believe that when you have passion you bring so much more to that community, more than just the value of buying NFTs, the community part is so important.”
Being an Iraqi-American woman, Kattan is a rarity in the Web 3 community. Anecdotally, men outnumbered women at VeeCon at least 50-to-1 and women represented fewer than 15% of the crypto space according to recent studies.
Like fellow celebrity speakers Mila Kunis and Eva Longoria, Kattan hopes to change that.
“I am a strong woman, I’m a very confident woman, I have a lot of personality and am rarely uncomfortable in any situation and I am intimidated with that space so I can’t imagine how other women must feel,” she said. “Getting more women here needs to be a very conscious effort.”
Defying the odds has always come natural to Kattan. After all ,she decided to go out on her own in 2008 after being fired as a recruiter. She then started a blog in 2010 and officially launched the company in 2013,
“I had spent my whole life investing in my CV, working to be polished, what would be perfect, I don’t think everybody needs to fit into a box and I certainly did not fit in any boxes,” she said.
Kattan now fits in a wide variety of packages with more than 150 Huda Beauty products in 1,500 stores worldwide.
The early lessons she learned as an entrepreneur still guide Kattan today and set the stage for that explicitly honest motto she developed a decade later.
“Everything was really scrappy and I think the element of just being able to get things done, not waiting for it to be perfect,” Kattan said. “We have this fear, this image of how things are supposed to be perfect and we’re never that version of ourselves.”
The pop star is being sued for $20 million over copyright infringement for her mega-Christmas hit "All I Want for Christmas is You."
CNN’s ubiquitous “Breaking News” banner is gone, now reserved for instances of truly urgent events. Snarky on-screen captions — “Angry Trump Turns Briefing Into Propaganda Session,” for instance — are discouraged. Political shows are trying to book more conservative voices, and producers have been urged to ignore Twitter backlash from the far right and the far left. A month into his tenure as the new leader of CNN, Chris Licht is starting to leave his mark on the 24-hour news network he inherite
Mariel Semonte Orr, an Atlanta rapper better known by his stage name Trouble, has died at 34. The “Bring It Back” rapper, who was also known as Skoob, was reportedly caught in a fatal shooting altercation early Sunday morning. During a press conference with Rockdale County Sheriff’s spokesperson Jedida Canty, it was confirmed that Orr […]
Troy Eklund apologized for broadcasting "inaccurate, unsourced information" during NCAA baseball tournament coverage.
Job growth is strong but slowing, a trend experts hope will help keep inflation in check.
Although Social Security recipients got a generous 5.9% raise going into 2022, at this point, the rate of inflation is far outpacing that boost. In the not-so-distant future, Social Security may have to cut benefits to the tune of 20% due to a revenue shortfall. In the coming years, Social Security expects to owe more in benefits than it collects in revenue, due largely to an anticipated mass exodus of baby boomers from the workforce.
Since the curtain opened on 2022, the storied Dow Jones Industrial Average and benchmark S&P 500 have dipped into correction territory (a decline of more than 10%), while the technology-focused Nasdaq Composite has fallen into a bear market, with a peak-to-trough decline of 31% since November. Although big drops in the stock market can be unnerving and tug on investors' emotions, they're also, historically, an excellent time to put your money to work. Corrections and bear markets tend to run their course relatively quickly, and all notable declines throughout history have eventually been erased by a bull market rally.
Reports Friday that Tesla (NASDAQ: TSLA) CEO Elon Musk had a "super bad feeling" about the economy, and might be preparing to lay off as many as 10% of its 100,000-strong global workforce sent shares of the electric car giant — and other electric car companies — tumbling to close out last week. As of 10:10 a.m. ET Monday, not only is Tesla stock back in the green with a 2% gain, but Chinese electric car makers Nio (NYSE: NIO) and Li Auto (NASDAQ: LI) are doing even better, rising 6.4% and 12.7%, respectively. This morning, Deutsche Bank warned that Tesla's Friday emails constituted a "direct warning" of "looming demand deterioration" for electric cars of all makes and models.
Inflation takes centerstage in the week ahead, with May’s CPI print in focus. Meanwhile, the Federal Reserve enters a blackout period before its next policy-setting meeting later this month.
In the wake of the deadly Uvalde school shooting, "Last Week Tonight With John Oliver" explored the argument that police make schools safer.
Here's what to watch in the markets on Monday, June 6, 2022.
For the first time, a drug targeting a protein that drives breast cancer growth has been shown to work against tumors with very low levels of the protein. Until now, breast cancers have been categorized as either HER2-positive — the cancer cells have more of the protein than normal — or HER2-negative. Doctors reporting the advance Sunday said it will make “HER2-low” a new category for guiding breast cancer treatment.
Russia struck Ukraine's capital Kyiv with missiles early on Sunday for the first time in more than a month, while Ukrainian officials said a counter-attack on the main battlefield in the east had retaken half of the city of Sievierodonetsk. Dark smoke could be seen from many miles away after the attack on two outlying districts of Kyiv. Ukraine said the strike hit a rail car repair works, while Moscow said it had destroyed tanks sent by Eastern European countries to Ukraine.
Elon Musk says Twitter won't cough up the data to disprove that more than 5% of its users are bots.
The Tesla CEO’s prominence and interaction with other users, as well as the topics he tweets about, make him a magnet for people looking to spread spam and other suspicious content.
In a fresh SEC filing this morning, Twitter shared a letter it received from Elon Musk's legal team indicating displeasure with the company's offered information regarding the level of "spam and fake accounts" on its service. Per the letter — which you can read in its entirety here — Musk considers Twitter's "latest offer to simply provide additional details regarding the company’s own testing methodologies, whether through written materials or verbal explanations, [as] tantamount to refusing [his] data requests," requests that the SpaceX and Tesla CEO says will help "facilitate his evaluation of spam and fake accounts on the company’s platform." The letter says that more data (and not just explanation of how the existing data was gathered) on Twitter's non-human users — both natural and spam — is important for helping close the transaction from a financing perspective.
Elon Musk slammed Twitter as “actively resisting and thwarting his information rights (and the company’s corresponding obligations)” under the billionaire’s $44 billion deal to acquire the company, because the social network is refusing to provide data backing up its claims about fake and spam accounts. Musk, who launched his takeover bid for Twitter in April, […]
Elon Musk says Twitter is violating merger terms through a lack of bot account data.
The Game of Thrones cast should've started a support group.View Entire Post ›
James Contini column: Estate planning for your online accounts
