Netflix shares fell to $1,162.53, down 2.4% since Tuesday and 4.4% over five trading days, even as the Nasdaq moved higher.
Musk urges cancellations after director’s comment on Charlie Kirk
A social media fight between Elon Musk and Netflix began after Hamish Steele, a Netflix director of a now-cancelled animated show, posted on X and insulted conservative commentator Charlie Kirk, calling him “a random nazi.”
Musk saw the post and reacted publicly.
He said he had cancelled his Netflix subscription and urged his 180 million followers to do the same, framing it as a step to “protect kids.”
Then Musk amplified other posts that accused Netflix of pushing a “woke agenda.” As a result, backlash spread quickly on X.
Many users echoed Musk’s criticism and began calling for broader boycotts, not only of Netflix but also of Disney, Hulu, and ABC.
Shares slide as online backlash builds stronger reaction towards Netflix production
Market data show the stock touched a low of $1,134.00 on October 2, down from $1,209.01 a month ago.
The five-day drop of 4.4% stands out against a rising Nasdaq.
Netflix still commands a market cap near $497.55 billion, but its year high of $1,341.15 looks farther away.
The episode underscores how fast online sentiment can move prices when a high profile figure weighs in.
Musk’s posts gave the story massive reach and kept the controversy in the spotlight.
Company message on ongoing clash with Musk and what to watch next
Netflix points to strong subscriber numbers and upcoming programming to steady nerves.
The company highlights the Jake Paul vs. Gervonta “Tank” Davis fight set to stream live on November 14.
Still, the stock reaction shows sensitivity to culture war, that dominate social feeds in America.
