rt.com 3 Oct, 2025 07:46
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Musk tweets wipe $15bn off Netflix value
The billionaire has taken issue with a children’s show featuring a transgender character and urged his followers to cancel subscriptions
© Getty Images / Beata Zawrzel/NurPhoto
US streaming giant Netflix has lost about $15 billion in market value after billionaire Elon Musk accused the platform of
“woke bias” and urged his followers to cancel subscriptions.
Netflix shares fell 4.3% in a day and a half to $1,140 by midday Thursday, cutting its market cap to $483 billion from $498 billion on Wednesday, trading data showed.
The drop came after Musk called on users to boycott Netflix over the animated show ‘Dead End: Paranormal Park’, which features a transgender character. Although canceled in 2023 after two seasons, the show remains available on the platform with a TV-Y7 rating for children seven and older.
Musk’s campaign began on Tuesday when he reposted a clip on X showing one of the show’s characters identifying as transgender.
“Dead End Paranormal Park, a show on Netflix, is pushing pro-transgender on CHILDREN. This show is advertised for 7-YEAR-OLDS,” the account said. Musk replied:
“this is not ok.”