Monday, 6 October

Monday, 6 October2025

Netflix Market Value Drops $25B Following Elon Musk's Call

Netflix Market Value Drops $25B Following Elon Musk's Call
Netflix's market capitalization declined by nearly $25 billion, from $514 billion on September 27 to $489 billion by October 3, after Elon Musk urged his 227 million followers on X to cancel their subscriptions. The stock fell approximately 4.4% over five trading days, marking its steepest weekly drop since April. Musk criticized Netflix for promoting transgender themes in children's programming, amplifying conservative backlash.

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