HH. BREAKING NEWS: Netflix Wipes Out $15 Billion After Elon Musk Sparks Boycott Over “Woke” Content
Netflix shares plummeted this week after Elon Musk publicly urged subscribers to cancel their accounts, claiming the streaming giant’s shows were pushing “woke” ideological content — particularly toward children. The backlash was swift and costly: the company’s stock dropped 4.3% in just over a day, erasing nearly $15 billion in market value and sending shockwaves through the entertainment industry.
The controversy erupted when Musk took to X, writing: “Cancel Netflix for the health of your kids.” His statement quickly went viral, igniting fierce debate online and inspiring thousands of users to post screenshots of their cancellations as part of the growing boycott movement.
Investors reacted sharply, with Netflix’s valuation falling from $498 billion to $482.9 billion in under 48 hours. Analysts note that while subscription-based companies often weather short-term cultural storms, the speed and scale of this wave could mark one of the most disruptive consumer backlashes the platform has faced in years.
For now, the streaming giant remains silent on Musk’s remarks. But with billions wiped from its market cap and a cultural firestorm raging online, the question lingers: Is this just a temporary dip, or the start of a deeper reckoning for Netflix?
