The Commitment: Last year, tech companies scrambled to promise money and support for Black America. Netflix made a pledge that stood out above the rest. It represents the industry's best shot at redressing the nation's racial inequality. How seriously should we take it?

The company's deposit at Hope was just one small part of a plan drawn up by a mid-level HR executive who had been researching Black-operated banks in his spare time. The Commitment: Last year, tech companies scrambled to promise money and support for Black America. Despite aligning themselves with a grassroots movement, the big tech firms also continue to oppose structural changes to the American economy that would arguably benefit workers but threaten the companies' bottom lines. Following his advice, the company pledged to invest 2 percent of its cash holdings in financial institutions and organizations that directly support Black communities - a proportion of the company's wealth that, at the time of the announcement, amounted to about $100 million. [Extracted from the article]