Reed Hastings Grants $1.1 Billion Worth of Netflix Stock to Unnamed Beneficiary

Reed Hastings, Netflix co-founder and executive chairman, has given 2 million shares of the streaming company — currently worth about $1.1 billion — to an unnamed entity, according to a regulatory filing. Hastings on Jan. 24 disposed of 2 million Netflix shares, which were given as a gift to an…

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