Megadonor to Joe: ‘Step Aside’

Joe Biden

( – Former Netflix co-founder and prominent Democratic donor Reed Hastings urged Joe Biden to step aside from the presidential race following his widely criticized performance in last week’s debate against former President Donald Trump.

In an interview with the New York Times, Hastings stated that “the president needs to step aside to allow a vigorous Democratic leader to beat Trump and keep us safe and prosperous.”

Hastings’ statement marked him as one of the first major Democratic donors to publicly urge the 81-year-old Democrat to consider stepping down due to concerns about his ability to effectively lead.

Moreover, the White House has dismissed reports of pressure from donors and allies within the Democratic Party for Biden to drop out of the race.

However, this week, two House Democrats publicly called for Biden’s withdrawal, and a third expressed “grave concerns” about his capacity to defeat Trump.

At a recent campaign event, Biden attributed his lackluster debate performance to extensive international travel beforehand, admitting he “nearly fell asleep on stage.”

According to multiple reports, some Democratic officials have privately suggested that Kamala Harris should become the Democratic nominee instead of Biden.

Hastings, a billionaire entrepreneur known for his role in pioneering the streaming era, stepped down as CEO of Netflix last year.

Alongside his wife, Patty Quillin, he has been a substantial supporter of the Democratic Party, donating over $20 million in recent years, including approximately $1.5 million to Biden’s 2020 campaign. They contributed $100,000 last year towards Biden’s re-election efforts.

Hastings has also made significant donations to historically Black colleges and universities and recently donated more than $1 billion worth of Netflix shares to a Silicon Valley charity.

Reid Hoffman, another influential billionaire donor, continued to support Biden after the debate, urging his donor network via email to focus on organizing against Trump rather than dwelling on Biden’s perceived shortcomings.

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