Netflix cofounder Reed Hastings has given $7 million to a brilliant PAC backing Vice President Kamala Harris’ run for president, The Info reported on Tuesday. Hastings instructed the outlet this marked his largest donation ever given in help of a person candidate.
The Netflix cofounder has change into one of many largest donors to the Democratic Get together in recent times. The donation comes shortly after Hastings publicly, alongside different main Democratic donors, known as for President Joe Biden to withdraw from the race.
The $7 million donation marks his first of the 2024 presidential election cycle, telling The Info, “After the miserable debate, we’re within the sport once more.”
In line with the report, Hastings was inspired to make a donation to the PAC by enterprise capitalist and Democratic donor Reid Hoffman, cofounder of LinkedIn.
Hastings was initially hesitant to endorse Harris, as a result of “Dem delegates must decide a swing state winner,” he wrote in a social media publish shortly after Biden withdrew his candidacy. Nonetheless, following Harris’ swift clinch of the Democratic nomination, garnering a majority of delegates, Hastings congratulated the vice chairman on social media and wrote, “Now it’s time to win.”
Hastings’ present comes at a time when the marketing campaign has obtained an avalanche of donations following Biden’s withdrawal from the race. Harris shortly amassed a record-breaking $81 million in donations within the first 24 hours. Since then, the marketing campaign has raised over $100 million, with many donations coming from first-time contributions.