Reed Hastings sells $1.1 billion in Netflix shares
Publishing timestamp: 2024-01-29 16:53:46
Summary
Reed Hastings, co-founder and executive chairman of Netflix, has gifted two million shares of his holdings in the streaming giant, with a current value of over $1.1 billion. The recipient of the gift is undisclosed, and it is unclear whether it is for charitable purposes or for other reasons. Hastings has a net worth of $6.6 billion, with a significant portion of it being Netflix stock. He has previously made philanthropic donations and retains just under three million Netflix shares. The reason behind the gift and the beneficiary are not disclosed by the company.
Sentiment: NEUTRAL
Tickers: NFLX,
Keywords: reed hastings, breaking news: technology, business news, ben silverman, technology, breaking news, netflix inc,
Source: https://www.cnbc.com/2024/01/29/reed-hastings-sells-1point1-billion-in-netflix-shares.html