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Netflix co-founder Reed Hastings gifts $1.1B in shares to charity

Netflix co-founder and Executive Chairman Reed Hastings donated 2 million shares valued at $1.1 billion to a California charity.Hastings parted ways with the Netflix shares he owned through the Hastings-Quillin Family Trust as a gift last week, a filing with the Securities and Exchange Commission showed.Netflix confirmed to FOX Business that the shares were given to Silicon Valley Community Foundation.After the transaction, Hastings retains nearly 3 million shares in the streaming giant, which he led as CE ...