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Netflix loses $25 billion because of Elon Musk's tweet
Netflix is facing intense scrutiny after Elon Musk urged people to cancel their subscriptions, accusing the streaming giant of pushing “radical trans ideology” on children.
In the days following his posts, the company’s market value has reportedly dropped by around $25 billion, fueling debate about whether Musk’s influence helped trigger the decline.
Elon Musk’s “Cancel Netflix” Campaign
The controversy began when clips from Dead End: Paranormal Park, a Netflix animated show featuring a transgender character, resurfaced on social media.
Critics claimed the show promoted gender ideology to children, reigniting conversations around representation in kids’ entertainment.
Musk quickly joined the discussion, posting on X (formerly Twitter):
“Cancel Netflix for the health of your kids.”
He later confirmed he had also canceled his own subscription, replying “Same” to a user who shared proof of their cancellation.
His comments spread rapidly online, with the hashtag #CancelNetflix trending for days. Supporters praised Musk for “standing up for families,” while others accused him of stirring unnecessary outrage.
Netflix has so far chosen not to respond publicly. The company has previously emphasized that its programming reflects diverse voices and experiences, and that inclusion remains central to its storytelling strategy.
Netflix Loses $25 B in Market Value
Following the online uproar, Netflix’s market capitalization fell from about $514 billion on September 27 to roughly $489 billion by October 3, marking a decline of nearly $25 billion. Roughly $7 billion of that drop came after Musk’s post on October 1.
Reports from outlets like TRT World and Anadolu Agency cite losses closer to $15–16 billion, while some conservative sources place the figure at $25 billion. Regardless of the exact number, analysts agree the timing between Musk’s campaign and the stock dip is striking.
Market experts caution that other factors, such as general volatility in the tech sector, may have contributed to the sell-off. Even so, Elon Musk’s massive following and outspoken criticism appear to have amplified investor concerns and public sentiment against the platform.
Elon Musk’s “Cancel Netflix” campaign demonstrates the extraordinary power of social media influence.
His tweets directly triggered a $25 billion drop in Netflix’s market value, proving that online campaigns from high-profile figures can move markets almost instantly.