In a notable act of philanthropy, Reed Hastings, co-founder of streaming behemoth Netflix Inc (NASDAQ:NFLX), has gifted $1.1 billion worth of his Netflix holdings to the Silicon Valley Community Foundation, a charity beloved by tech magnates. What Happened: The generous donation represents around 40% of Hastings’ direct ownership in Netflix. The company’s stock recently saw a significant uptick following a strong earnings report. This move continues Hastings’ legacy of philanthropic endeavors, particularly in education and support for historically Black colleges, as reported by the Wall Street…