Netflix co-founder Reed Hastings has made headlines with a substantial political donation, contributing $7 million to a super PAC supporting Vice President Kamala Harris’s presidential campaign. This donation, confirmed by a source close to Hastings, marks his largest single contribution to a candidate, as reported by The Information.
Hastings publicly congratulated Harris on Monday after she secured the majority support of Democratic delegates, positioning her as the party’s nominee against Republican Donald Trump. “Congrats to Kamala Harris — now it is time to win,” he posted on the social media platform X.
President Joe Biden stepped down as the Democratic candidate for the 2024 election and endorsed Harris on Sunday. This decision followed mounting pressure from Democratic members of Congress and significant donors, including Hastings. Harris’s campaign witnessed a significant financial boost, raising $81 million within 24 hours of Biden’s exit, setting a record for the 2024 campaign fundraising for either party.
Reed Hastings, who co-founded Netflix in 1997 and stepped down as CEO in 2023, now serves as the executive chairman of Netflix’s board. His support for Harris highlights the increasing involvement of tech industry leaders in the political arena, particularly in shaping the dynamics of the upcoming presidential election.
