Netflix Loses Subscribers Due to Chairman's Support of Kamala Harris

Hashtag cancel Netflix was trending on 'X' due to founder Reed Hastings support of Democratic presidential candidate Kamala Harris

Transcript

00:00Hashtag Cancel Netflix was trending on X due to founder Reed Hastings' support of Democratic

00:06presidential candidate Kamala Harris.

00:08The streaming giant had its worst spike in subscription cancellations so far this year

00:13after Hastings donated $7 million to the Harris Walls campaign.

00:18However, this may not be news to some as the Netflix chairman supported Hillary Clinton

00:24for president in 2016, as well as donating $3 million to Democratic Governor Gavin Newsom

00:30in California in 2021.

00:33It's unknown how much the cancellations will impact revenue.

00:37Netflix's next financial results are anticipated sometime in mid-October.