Netflix says it will put 2% of its cash holdings, currently ~$100M, toward financial institutions and organizations dedicated to helping Black communities
- Netflix announced plans to start putting 2% of its cash holdings into financial institutions and organizations to “directly support Black communities in the U.S.”
And on a Tuesday.... #Netflix comes out hitting a home run. You support us, I support you. Will forever keep my subscription as long as they keep their support 💯🙏🏾💯 https://www.cnbc.com/...
Netflix will set aside 2% of its cash holdings (~$100M) to invest in Black communities. This follows Robert Smith from Vista Equity's call to action for large corporations to set aside 2% of net income over the next decade to support Black communities. https://twitter.com/...