"Netflix CEO Donates $1.1 Billion in Stock to Silicon Valley Foundation"

Reed Hastings, Netflix co-founder and executive chairman, has gifted 2 million shares of Netflix stock, valued at about $1.1 billion, to the Silicon Valley Community Foundation, as part of his ongoing philanthropic efforts. This substantial donation adds to Hastings' history of supporting educational initiatives and historically Black colleges and universities, reflecting his commitment to addressing systemic inequities and supporting underprivileged communities.