Tesla CEO Elon Musk tweeted that Netflix is now "unwatchable."
Bloomberg by way of Getty Pictures
Elon Musk stated Netflix is shedding subscribers as a result of its programming has been contaminated by the “woke thoughts virus” which has made the streaming service “unwatchable.”
Tesla’s billionaire boss was reacting to Netflix’s share value tanking in pre-market buying and selling on Wednesday after the California-based firm revealed it had misplaced 200,000 subscribers between January and March of this 12 months.
The corporate expects that it'll lose a further 2 million subscribers by the tip of the second quarter.
Musk didn't specify which content material on Netflix was “woke” although the corporate has been criticized for programming deemed by some to be provocative.
Earlier this 12 months it launched “He’s Anticipating,” a Japanese-language comedy drama a few man who turns into pregnant.
Netflix additionally launched “Pricey White Folks,” an unique sequence about black college students’ experiences at an Ivy League colleague. The sequence induced a stir attributable to what some stated was a racist portrayal of white individuals.
One other not too long ago launched documentary, “Vikings: Valhalla,” was criticized for inaccurately depicting ladies as Viking warriors.
Final 12 months, nonetheless, Netflix was criticized by LGBTQ activists and their supporters for not censoring Dave Chappelle’s standup particular which included jokes and feedback about transgender individuals.
Netflix’s 26% tumble after the bell on Tuesday erased about $40 billion of its inventory market worth. Because it warned in January of weak subscriber development, the corporate has misplaced practically half of its worth.
It was the primary time in additional than 10 years that Netflix reported a lower within the variety of paid subscribers.
The corporate stated inflation, the warfare in Ukraine, and fierce competitors amongst streaming companies was resulting in an erosion of its buyer base.
The lagging subscriber development prompted Netflix for the primary time to say it would supply lower-priced model of the service with promoting.
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