Better than Comcast’s donation of $150 mil to BLM.
Perhaps they should have given the money to the dead criminal's family. There's enough of them that it would certainly help.
I am sure those banks are owned by the oppressed poor.
2%.
Don’t put your arm out patting yourself on the back there, Netflix.
Its their money, and this is better than supporting rioters as “legitimate protestors” and issuing cheap, BS slogans, as many companies have done.
And when the $$ disappears.....they will just shrug and write it off.
Isn’t Barack worth over $50,000,000 now?
How much is he giving to the black community?
“I mean, I do think at a certain point you’ve made enough money.” - B.O.
Netflix.
Huh.....
This sounds like racism.
I’m pretty sure those banks are not really “owned” by blacks. Just like the NAACP wasn’t really started by blacks.
Now they’ll be able to make subprime loans to the “disadvantaged communities”.
Yo! Netflahx, man, Stap usahng da term owned. It ahs black governed.
The blacks want to take over the US. I wonder what the native Americans think about that, plus the early Chinese immigrants,
plus the Spanish/ Mexican settlers.
“The streaming video giant announced that it would shift 2 percent of its cash holdings to African American-owned US financial institutions in order to “directly support Black communities in the US.”
1. And what makes them think the result will be as Netflix intends.
2. Or are they just paying virtue signalling political ransom so they won’t be called “racist”.
For some odd reason Maxie Pad Waters came to my mind.
Would that be the Obummer National Bank??
This reminds of the ongoing “minority business” scam.
Business owners would (and still do) pay a minority person to be their “front” to get the government or other contracts.
At the end of the day, the actual benefits go to a very few clever minorities who are skilled at gaming the system.
just 2%, huh, netflix?
seems kinda cheap.
why not 20%?
why not all of it?
seriously, why not all of it?
How do they determine what is a “black-owned bank?” When you buy a share of stock, do you have to declare your race? And if so, what proportion of the share-holders must be black for the entity to be declared black-owned? What about fund-managers who buy bank stocks for their fund. Does the fund manager have to file the racial composition of the holders of its shares before it buys bank stock?