Netflix boss, top Dem donor Reed Hastings praises – Business News
Netflix boss and outstanding Dem donor Reed Hastings on Sunday praised President Trump’s shock transfer to hike the H-1B visa software charge for expert staff to $100,000.
“I’ve worked on H1-B politics for 30 years. Trump’s $100k per year tax is a great solution,” Hastings wrote in a post on X to his almost 150,000 followers.
“It will mean H1-B is used just for very high value jobs, which will mean no lottery needed, and more certainty for those jobs.”
Netflix co-founder Reed Hastings praised President Trump’s six-figure visa charge. Getty Images
President Donald Trump shows a signed government order on gold card visa within the Oval Office on the White House in Washington, DC, September 19, 2025. REUTERS
It was an sudden show of assist, since Hastings — the co-founder and chairman of Netflix — has emerged as one of the most important donors to the Democratic get together lately. He gave round $7 million to former Vice President Kamala Harris’ 107-day presidential marketing campaign, in line with The Information.
Trump’s new coverage, which took impact Sunday, forces firms to cough up the $100,000 visa software charge for expert overseas staff.
Commerce Secretary Howard Lutnick mentioned the chief order is supposed to encourage American firms to rent and practice US staff, as a substitute of hiring overseas ones.
“If you’re going to train somebody, you’re going to train one of the recent graduates from one of the great universities across our land. Train Americans. Stop bringing in people to take our jobs,” Lutnick mentioned.
Meanwhile, Warner Bros. Discovery CEO David Zaslav is pushing for a bidding warfare over his $40 billion firm as David Ellison’s Paramount Skydance prepares a takeover bid – and reportedly hoping to gauge curiosity from Netflix, The Post solely reported.
Commerce Secretary Howard Lutnick and President Trump unveil a $100,000 visa charge and particular “Gold Card.” REUTERS
An H-1B visa is pictured. Pritha_EasyArts – stock.adobe.com
Netflix, Paramount, Skydance and Warner Bros. Discovery didn’t instantly reply to The Post’s requests for remark.
Paramount Skydance has but to reveal an official bid for Warner Bros. Discovery, which owns the Warner Brothers studios and the HBO Max streaming service, in addition to cable networks like Discovery, TNT and CNN.
But the proposed bid may worth the company at up to $24 a share, in line with CNBC. It is predicted to be 70% to 80% money, backed partly by Larry Ellison, with the remainder in stock.
