Netflix Giving 2% Of Cash Going Forward To Economic Development Of Black Communities, $100M To Start
Jill Goldsmith Netflix said Tuesday that going foward it will allocate 2% of its cash holdings — initially up to $100 million — to financial institutions and organizations that directly support Black communities as part of a commitment to racial equity“We know great stories can create empathy and understanding. Stories like Ava DuVernay’s 13TH and Explained’s Racial Wealth Gap show how systemic racism in America has sustained a centuries-long financial gap between Black and White families,” the company said in blog post by Aaron Mitchell, Director, Talent Acquisition and Shannon Alwyn, Director, Treasury.