blog post announcing the move.Also Read: Netflix Pulls 'Community' Episode 'Advanced Dungeons & Dragons' Due to Blackface Scenes (Exclusive)Netflix added that its investment in Black communities aims to reduce the wealth gap between Black and white Americans.“According to the FDIC, banks that are Black-owned or led represent a mere one percent of America’s commercial banking assets.
This is one factor contributing to 19% of Black families having either negative wealth or no assets at all — more than double the rate of white households — according to the U.S.
Federal Reserve,” Netflix said. “Black banks have been fighting to better their communities for decades but they’re disadvantaged by their lack of access to capital.The major banks,.
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