Netflix (NFLX) and the Streaming Wars Message Board

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Technology Stocks : Netflix (NFLX) and the Streaming Wars

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To: Glenn Petersen who wrote (2268)	1/29/2024 8:11:18 PM
From: Sr K	1 Recommendation Recommended By Glenn Petersen of 2280

FINANCE INVESTING Netflix Co-Founder Gives $1.1 Billion in Shares to Silicon Valley Charity Favored by Billionaires Reed Hastings donates to foundation with $10 billion in assets after gifts from Mark Zuckerberg and other tech founders By Theo Francis Updated Jan. 29, 2024 6:58 pm ET Share Resize Listen (4 min) Reed Hastings’s gift accounts for about 40% of the executive’s direct ownership stake in Netflix. PHOTO: KYLE GRILLOT/BLOOMBERG NEWS Netflix co-founder Reed Hastings donated $1.1 billion worth of his stake in the streaming company to a California-based charity that is popular with technology founders because it gives them tax breaks and privacy. The Netflix executive chairman gave the shares to Silicon Valley Community Foundation, which had more than $10 billion in assets at the end of 2022. Previous donors have included Facebook co-founder Mark Zuckerberg, who gave more than $1 billion worth of Facebook stock a decade ago. Exc.

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