Netflix has officially lost 20 billion dollars within a week

[eLdavis]

With the recent bid by Elon musk asking his followers to boycott Netflix, it is stated that Netflix has already lost twenty billion dollars just within a week. And the funny thing about this is that more people are still boycotting Netflix.

 

[gwolf666]

The news about Netflix's alleged loss of $20 billion following Elon Musk's call for a boycott is quite surprising and also raises many questions. Musk has enormous influence on social media, and his followers tend to react quickly to what he says, but I find it hard to believe that such an established platform has lost so much value in such a short period of time solely because of that. I think that beyond Musk's influence, Netflix was already facing criticism for price increases, content saturation, and competition with other platforms. The boycott may have accelerated the decline or served as a trigger, but the underlying reason is much more complex. In any case, it's still interesting how a single person with such visibility can influence the market in such a way. Do you think this will have a lasting impact or will it be temporary?

 

[eLdavis]

Yes you are right, before Musk's statement, Netflix was already having issues and some people have already started boycotting it. Elon's action was more like adding salt to an already open wound or at least or should i say adding fuel to fire, which caused more surge in Netflix loss.