‘Go woke, go broke’: Netflix shareholders experience unprecedented plunge

by Timothy Frudd

Photo: Adobe Stock

After complying with the left’s woke agenda, Netflix shares continue to nosedive Wednesday as the company experienced a massive loss of subscribers for the first time in over a decade.

On Tuesday, Netflix reported that it lost subscribers in the first quarter of 2022 for the first time in over ten years.

Fox Business revealed that Netflix shares had already plummeted by as much as 20 percent before the stock market opened on Wednesday morning. CNBC reported that at opening, Netflix’s stock cratered to a 30 percent loss.

In addition to Netflix’s devastating numbers for the first quarter, the company also announced that it expects to lose two million memberships in the second quarter of 2022.

Netflix said, “In the near term though, we’re not growing revenue as fast as we’d like.” The company also explained, “COVID clouded the picture by significantly increasing our growth in 2020, leading us to believe that most of our slowing growth in 2021 was due to the COVID pull forward.”

In a tweet on Tuesday, Tesla CEO Elon Musk commented on the news that Netflix shares were crashing, saying, “The woke mind virus is making Netflix unwatchable.”

Musk’s response echoes the concerns of millions of Americans, who have expressed disappointment and frustration with the direction of Netflix’s content. The video streaming service has received immense backlash over films glorifying the sexualization of children, such as the Netflix original movie “Cuties.”

Americans are starting to fight back against woke corporations that are more concerned with producing liberal propaganda than high-quality content. As Elon Musk targets the censorship of Twitter, the American people may be showing corporations like Netflix and Disney that there are serious financial consequences for “going woke.”

You may also like