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Below is a report that DML News gives a 4 OUT OF 4 STARS trustworthiness rating. We base this rating on the following criteria:

  • Provides named sources
  • Reported by more than one notable outlet
  • Does not insert opinion or leading words
  • Includes supporting video, direct statements, or photos

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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by CNBC:

Netflix announced Tuesday it will start putting 2% of its cash holdings into financial institutions and organizations to “directly support Black communities in the U.S.”

The video streaming giant said in a blog post that its initial commitment will be as much as $100 million.

The article goes on to state the following:

In the first step in allocating that money, $25 million will be moved to a new fund called the Black Economic Development Initiative, investing in “Black financial institutions serving low and moderate-income communities and Black community development corporations in the U.S.,” the company said.

To get more information about this article, please visit CNBC.

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2 COMMENTS

  1. If they have that much to dole out, they are obviously overcharging for a product whose overhead must not be much of a factor in its pricing: perhaps they should have given that money back to their customers, victim’s in their own right and perhaps those victims should stop being such. I dumped Netflix over constant price rise without commensurate increase in service or quality. I never missed it, and now I am even more glad that my money didn’t factor into this “donation “.

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