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Netflix vs Elon Musk: Streaming giant's shares fall after Tesla CEO's boycott calls over trans content

Netflix vs Elon Musk: Streaming giant's shares fall after Tesla CEO's boycott calls over trans content

Elon Musk cancels Netflix subscription Photograph: (X)

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Tesla CEO Elon Musk took to the social media platform to call out Netflix over trans content and urged his followers to cancel subscriptions and boycott the company. Reportedly, post this backlash, the streaming giant's shares have fallen. Read to know more details. 

Ever since billionaire entrepreneur Elon Musk called out streaming giant Netflix over the trans content, it has become a hot topic of discussion on social media. This stems from a controversy involving Hamish Steele, the director of the animated show Dead End: Paranormal Park, who made a controversial post about the death of the right-wing activist Charlie Kirk. In the latest development, the shares of Netflix have fallen. Let's delve into knowing more details.

How many shares of Netflix fell?

According to a report of Yahoo Finance, Netflix shares fell nearly 5% over the 5-day trading period ending Friday. Reportedly, the stock has lagged the broader market, which had climbed about 2% to new record highs over the past week.

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Elon Musk on calling out Netflix

It has ended up as a backlash campaign across social media against the streaming giant. For over a week now, the TESLA CEO has been bashing the animated show and the streamer over promoting woke content.

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After cancelling his own subscription, he has continued to urge everyone to cancel their Netflix subscription by repeatedly sharing posts or re-sharing posts. In one post, the tech-CEO wrote, “Cancel Netflix.” While another post read, “Cancel Netflix for the health of your kids.”

He wrote, "Freedom of speech should be respected, but this is PAID speech. Netflix is going out of its way and reaching into its wallet to push this.''Earlier this week, Musk wrote in a post,' 'This is not okay,” to the image reading, “Netflix has a ‘transgender woke agenda.’” He added, “Cancel Netflix for the health of your kids.”

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Snigdha Sweta Behera

Snigdha Sweta Behera is currently serving as a senior sub-editor at Wion. She is an avid follower of Hollywood, K-pop and K-dramas. She loves uncovering stories beyond glitz and gl...Read More

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