Tesla and SpaceX CEO and prospective Twitter owner Elon Musk has addressed the recent slump in Netflix’s stock, apparently blaming the decline on the proliferation of “woke” content on the platform.
“The woke mind virus is making Netflix unwatchable,” Musk posted on Twitter Tuesday in reply to a report that Netflix shares had cratered in response to the company’s most recent quarterly earnings report. Musk’s comments arrive on the heels of a major downturn for Netflix’s stock, which has undergone a dramatic fall from grace in recent months owing to low subscriber growth.
The latest earnings report attested to what many investors believe is a dire sign for the platform. For the first time in over ten years, Netflix reported a net decline in paid subscriptions to the platform, with about 200,000 fewer Netflix users than indicated by the previous quarterly report.
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