Netflix co-founder Hastings gives US$7mil to pro-Harris PAC, says source

Netflix co-founder Hastings gives US$7mil to pro-Harris PAC, says source

The source confirms a report published by The Information earlier in the day.

Reed Hastings
Reed Hastings co-founded Netflix in 1997 and stepped down as CEO in 2023. (AFP pic)
LOS ANGELES:
Netflix co-founder Reed Hastings has donated US$7 million to a super PAC that supports vice-president Kamala Harris’ run for US president, a source close to Hastings said on Tuesday.

The source was confirming a report published by The Information earlier in the day.

It is the largest political donation by Hastings to a single candidate, the publication said.

Hastings congratulated Harris on Monday after she received the support of a majority of Democratic delegates to become the party nominee against Republican Donald Trump in November.

“Congrats to Kamala Harris – now it is time to win,” he wrote in a post on social media platform X.

President Joe Biden stepped aside as the Democratic candidate for the 2024 election and endorsed Harris on Sunday following pressure from Democrats in Congress and donors including Hastings.

Harris’ campaign raised US$81 million in the 24 hours following Biden’s exit, the most for a single day in the 2024 campaign for either party.

Hastings co-founded Netflix in 1997 and stepped down as CEO in 2023. He now serves as executive chairman of the Netflix board.

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