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Go Woke, Go Broke: Neftlix Shares Plummet 25% On Subscriber Loss, Elon Musk Hits At Company’s ‘Wokeness’

Upon news that it had shed 200,000 subscribers, its shares plunged by 25%. So far this year, its shares are down about 40%, after markets jolted in January when it said that subscriber growth would slow significantly in 2022

From DailyMail.com…

Elon Musk has slammed ‘unwatchable’ Netflix for becoming infected by the ‘wokemind virus’ as the streaming giant hemorrhages subscribers.

The US company lost 200,000 users between January and March this year, a quarterly report announced yesterday, causing shares to plummet by 25 per cent, with a further 2million subscribers set to leave by June.

The service is now proposing introducing adverts and stopping password sharing to stem the exodus, which it is trialing in Chile, Costa Rica and Peru in a bid to clamp down on the estimated 10million households who use someone else’s account.

The tech firm has pinned the blame on the emergence from binge-watching during lockdown, the success of rival platforms such as Disney+, Apple TV, Now TV, Warner Bros Discovery and Paramount, the cost-of-living crisis, and pulling out of Russia in response to Putin’s horrific invasion of Ukraine.

Though Netflix has released a variety of recent hits including Squid Game, Bridgerton, Sex Education, it has also produced ‘woke’ content such as He’s Expecting, which depicts a man who becomes pregnant.

The company had also been forced to borrow $16billion in a decade to cover its productions and business costs.

Responding to a tweet about the subscription service’s devastating performance, Musk said: ‘The woke mind virus is making Netflix unwatchable.’

A follower then responded: ‘Woke mind virus is the biggest threat to the civilization.’

The world’s richest man replied to him: ‘Yes.’

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