Netflix Loses More Than $15B in 1 Week

Streaming giant Netflix saw its shares drop 2.4% this week, or the equivalent of more than $15 billion in only a few days, following the call for a boycott of the company from Tesla CEO Elon Musk, Forbes reported on Thursday.

Musk, billionaire and former White House adviser, urged his 227 million followers on X to cancel their Netflix subscriptions “for the health of your kids” and slammed a cartoon he claimed promoted a pro-transgender agenda to children. Musk was referring to “Dead End: Paranormal Park,” an animated series featuring a gay, transgender teenage boy and a bisexual girl with autism.

The hashtag #CancelNetflix soon went viral.

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