Elon Musk's Call to Cancel Netflix Over 'Transgender Propaganda' Sparks Share Drop
Elon Musk's eldest daughter, now known as Vivian Jenna Wilson, publicly transitioned last year. This news, along with Elon Musk's subsequent actions, has sparked a controversy that has impacted Netflix's share prices.
Netflix's shares dropped by a total of four percent over Wednesday and Thursday, following Elon Musk's public stance on the streaming giant. The tech billionaire, who has 227 million social media followers, encouraged them to 'Cancel Netflix for the health of your kids.'
Elon Musk's call to action was in response to what he perceived as Netflix's promotion of 'transgender propaganda.' He accused the platform of pushing an agenda, citing the animated series 'Dead End: Paranormal Park' and its corporate diversity efforts. Elon Musk's views align with a trend started by the conservative social media account Libs of TikTok, which had previously shared Netflix's diversity report.
The show's creator, Hamish Steele, defended his work on the now-deleted Bluesky platform. He dismissed the controversy as 'lies and slander,' and his previous remarks about conservative activist Charlie Kirk's assassination in September have also drawn attention.
The controversy surrounding Netflix and Elon Musk's call to cancel subscriptions has led to a significant drop in the streaming service's share prices. While Elon Musk's daughter, Vivian Jenna Wilson, has received support for her transition, the fallout from Elon Musk's public stance continues to unfold.
