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Netflix to Invest $100 Million in Black Community’s Financial Institutions

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Netflix to Invest $100 Million in Black Community’s Financial Institutions

Netflix Inc. said it would shift 2% of its cash holdings to banks and credit unions that primarily serve Black communities to improve these financial institutions’ ability to offer loans to people and businesses.

Many companies have moved to support organizations focused on social justice, education and racial inequality in the wake of nationwide protests sparked by the May 25 killing of George Floyd while in Minneapolis police custody. Nike Inc. and its Jordan Brand subsidiary earlier this month pledged $140 million to support…

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