India  

Netflix pledges $100M to financial groups supporting Black communities

bizjournals Tuesday, 30 June 2020 ()
About two weeks after Netflix Inc. CEO Reed Hastings pledged part of his fortune to support Black educational institutions, the company itself is now committing part of its considerable holdings to support Black communities. In a Tuesday blog post, Netflix stated that it will allocate about 2% of its cash holdings — currently about $100 million — to financial institutions and organizations that are dedicated to helping Black communities. “We believe bringing more capital to these communities…
0
shares
ShareTweetSavePostSend
 
Video credit: THR News - Published
News video: Netflix to Shift 2% of Cash Holdings to Banks Supporting Black Communities | THR News

Netflix to Shift 2% of Cash Holdings to Banks Supporting Black Communities | THR News 01:35

Netflix is looking to tackle systemic racism by shifting some of its cash holdings to financial institutions that support Black communities in the U.S.

You Might Like


Related videos from verified sources

Worcester Brewery Joins 'Black Is Beautiful' Beer Production To Support Black Communities [Video]

Worcester Brewery Joins 'Black Is Beautiful' Beer Production To Support Black Communities

WBZ TV's Kate Merrill reports.

Credit: WBZ CBS Boston     Duration: 00:21Published
New York Attorney General Stops Donations to Black Lives Matter Foundation [Video]

New York Attorney General Stops Donations to Black Lives Matter Foundation

New York Attorney General Stops Donations to Black Lives Matter Foundation The nonprofit, unaffiliated with the global movement, was ordered to stop accepting donations in the state due to failure to..

Credit: Wibbitz Studio     Duration: 01:16Published
Florists create Black Lives Matter floral display [Video]

Florists create Black Lives Matter floral display

A team of florists are honoring Black communities by putting together a Black Lives Matter floral display.

Credit: WISN     Duration: 01:26Published

Tweets about this