- CNBC, Tuesday, June 30, 2020 10:04 AM
Netflix will devote 2% of its cash holdings to financial institutions and organizations to “directly support Black communities in the U.S,” CNBC reports. “The video streaming giant
said in a blog post that its initial commitment will be as much as $100 million,” it writes. “In the first step in allocating that money, $25 million will be moved to a new fund called the
Black Economic Development Initiative.”
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