Elon Musk Urges Netflix Boycott Over ‘Woke Agenda’ - Here's How Analysts Responded - video Dailymotion

Benzinga

Elon Musk called on followers to cancel Netflix, accusing the platform of promoting a “transgender woke agenda” tied to a canceled animated series. Analysts said the backlash is unlikely to impact Netflix’s strong fundamentals or subscriber growth. Despite brief volatility, Netflix remains up over 60% year-over-year with 301 million subscribers.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Elon Musk urges followers this week to cancel Netflix subscriptions,

00:06claiming the platform promotes a transgender woke agenda.

00:09Controversy surrounds the canceled animated series Dead End Paranormal Park,

00:13which featured a transgender character.

00:15CNBC's Guy Adami said the backlash may prompt new sign-ups

00:18and is not a reason to sell Netflix stock.

00:21Wedmush Security's Alicia Reese said the backlash came too late

00:24to affect Netflix's subscriber counts and expects any impact

00:27to be offset by higher ad revenue.

00:30Tim Seymour of Seymour Asset Management said brief backlash

00:33may cause minor fluctuations,

00:35but Netflix shares are too strong to be immediately affected.

00:38Netflix added 2024 with 300.63 million subscribers,

00:43quarter of a $90 billion market cap,

00:44and a stock gain of over 60% in the past year.

00:47Shares are down nearly 5% over the week.

00:49For all things money, visit Benzinga.com.

Elon Musk Urges Netflix Boycott Over ‘Woke Agenda’ - Here's How Analysts Responded

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