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Netflix Stock Take a Massive Loss!

Netflix Stock has plummeted 35% this morning, and this is the largest loss since reported in 2004. Per Netflix, they had reported a 200,000 subscriber loss in 2022. Netflix states that they recently pulled out of Russia and lost 700,00 subscribers.

According to Forbes, Netflix’s co-CEO Reed Hastings blamed the subscriber loss on “great competition” and password-sharing between households, but billionaire Elon Musk took to Twitter to influence the narrative, seemingly blaming diversity and inclusion initiatives for the streaming giant’s sudden drop.

Recently, Elon Musk responded to a tweet to Slashdot,  “The woke mind virus is making Netflix unwatchable” Musk endorses the “go woke, go broke”

Musk didn’t elaborate in regards to what his tweet meant, but he did respond to a few of his fans that agreed with his tweet. A follower had suggested that the “woke mind virus is the biggest threat to the civilization,” and Musk replied, “Yes.”

Also, Musk has tweeted memes in the past that had mocked Netflix’s diverse initiatives.



For more Netflix news, Follow Gamactica Portals!



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