Netflix Announced They’re Pledging $100 Million Dollars To Black Owned Banks
Written by DJ Sight on July 1, 2020
Netflix is stepping up to help make changes in America.
On Tuesday Netflix announced that they’re pledging $100 million dollars to Black owned Banks.
The streaming company said they’re trying to do their part to support black communities in the United States by shifting 2% of it’s cash holdings to Black owned Banks.
Netflix is also putting an extra $25 million dollars up it’s cash towards a fund called, the Black Economic Development Initiative.
A few weeks earlier Netflix CEO Reed Hastings pledged $220 million dollars to Black colleges.
https://nypost.com/2020/06/30/netflix-pledges-100-million-to-black-owned-banks/
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