Reed Hastings Grants $1.1 Billion Worth of Netflix Stock to the Silicon Valley Community Foundation

UPDATED: Reed Hastings, Netflix co-founder and executive chairman, has given 2 million shares of the streaming company — currently worth about $ 1.1 billion — to the Silicon Valley Community Foundation. Hastings on Jan. 24 disposed of 2 million Netflix shares, which were given as a gift to an unidentified entity, per an SEC filing. The […]
Variety