Netflix will support blacks with their capital
The streaming service Netflix has sought additional support for blacks in the US. According to the official blog of the company, it intends to transfer some of its capital - about $ 100 million in cash - to financial institutions that support the "black community". "We believe that attracting more capital to these communities can make a big difference in the lives of individuals and businesses, help more families buy their first home or save money for college, and increase the number of small businesses starting or growing. According to the US Federal Reserve, Black-Owned or Run Banks account for only one percent of America's banking assets, which is one of the factors that explain that 19 percent of black households have limited or no resources at their disposal - twice that of white households. Black-controlled banks have struggled for decades to improve the lives of their communities, but they are at a disadvantage due to lack of access to capital. Large banks, in which multinational companies, including ours, keep most of their money, pay more attention to increasing their own capital, but not at the grassroots level. Therefore, we wanted to redirect some of our funds to these communities and hope to inspire other large companies to do the same with their cash deposits, ”the statement said. than white households. Black-controlled banks have struggled for decades to improve the lives of their communities, but they are at a disadvantage due to lack of access to capital. Large banks, in which multinational companies, including ours, keep most of their money, pay more attention to increasing their own capital, but not at the grassroots level. Therefore, we wanted to redirect some of our funds to these communities and hope to inspire other large companies to do the same with their cash deposits, ”the statement said.than white households. Black-controlled banks have struggled for decades to improve the lives of their communities, but they are at a disadvantage due to lack of access to capital. Large banks, in which multinational companies, including ours, keep most of their money, pay more attention to increasing their own capital, but not at the grassroots level. Therefore, we wanted to redirect some of our funds to these communities and hope to inspire other large companies to do the same with their cash deposits, ”the statement said.including ours, keep most of their money, pay more attention to increasing their own capital, but not at the grassroots level. Therefore, we wanted to redirect some of our funds to these communities and hope to inspire other large companies to do the same with their cash deposits, "the statement said.including ours, keep most of their money, pay more attention to increasing their own capital, but not at the grassroots level. Therefore, we wanted to redirect some of our funds to these communities and hope to inspire other large companies to do the same with their cash deposits, ”the statement said.The Topic of Article: Netflix will support blacks with their capital. |
