Investing.com — Netflix Inc (NASDAQ:NFLX) stock is sharply lower for the second straight session after billionaire Elon Musk continued to press his followers to cancel the service amid what he views as the company’s overarching woke agenda.
Shares of Netflix fell 2.9% on Thursday, following a 2.3% decline on Wednesday. Shares have now declined for four consecutive sessions.
Yesterday, Musk told his 226 million followers on X to “cancel Netflix for the health of your kids.” The Tesla and SpaceX CEO was responding to a post accusing Netflix of promoting a transgender agenda.
Musk singled out the animated series Dead End: Paranormal Park, saying it was “pushing trans ideology” to children. In another post, he responded to a user who noted the show is marketed for viewers as young as seven, writing, “this is not ok.”
Netflix has faced criticism from conservative voices in recent years over its content, but the company has generally maintained that it provides programming for a wide range of audiences.
Musk also agreed with a poster on X who said that Netflix is openly boasting about discriminating against White people. The post referenced a Netflix inclusion diversity report showing that in 2023, 71.4% of Netflix series featured an underrepresented lead or co-lead, compared with an industry average of 58.1%.
Search terms like “cancel Netflix” and “how to cancel Netflix” are trending higher on Google amid the backlash.
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