Netflix is currently being boycott as users cancel subscriptions in protest of its “woke” content, leading to a massive $15.1 billion market loss.
Tech billionaire Elon Musk head the cause after his criticism over children’s shows on tuesday, when he urged his X followers: “Cancel Netflix for the health of your kids”. the streaming giant since then has face backlash and a deepening stock market slide.
facing one of its toughest moments yet, Netflix has allegedly lost $15.1 billion in market value following a wave of subscription cancellations.
Musk claimed the company was pushing harmful messages to children. His posts quickly went viral, further intensifying the boycott.
Netflix shares fell sharply in Wednesday’s trading session, dropping 3 percent to a two-week low of $1,163.21 per share
The decline came as the company faced increasing cancellations following backlash against its “woke” content, particularly shows aimed at children that critics say promote LGBTQ+ themes.
