Netflix Shares Drop After Children’s Transgender Content Backlash: Snaps Six-Quarter Profit Streak

[Hol]

Netflix shares dropped seven percent in extended trading Wednesday after the company posted a third-quarter earnings miss after the bell Tuesday.

A continuing $600 million dispute with Brazilian tax authorities has been cited for the weaker-than-estimated results. The dip also comes amid ongoing backlash by viewers and users over transgender content promoted for children by the streaming giant.

Elon Musk for one has taken took to X to urge the public to cancel their Netflix subscriptions “for the health” of their children.

Netflix Shares Drop After Children’s Transgender Content Backlash: Snaps Six-Quarter Profit Streak

Netflix shares dropped seven percent in extended trading Wednesday after the company posted a third-quarter earnings miss after the bell Tuesday.

www.breitbart.com

 

[KMendel]

I think as soon as I watch (binge) the new episodes of a couple of streaming shows I enjoyed over the years,
I will cancel my subscription permanently. The offerings they have no longer appeal to me, and they have taken
a downhill slide, for sure.