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Netflix stock dropped $25B amid backlash over Elon Musk’s call to cancel subscriptions over children's content concerns.
Netflix's stock dropped nearly $25 billion in value from September 27 to October 3, 2025, amid a 4.4% weekly decline, its worst since April, following Elon Musk’s call on X for followers to cancel subscriptions over concerns about children’s programming and a “transgender woke agenda.” The move, sparked by a tweet from the director of the canceled series Dead End: Paranormal Park, triggered online backlash and a wave of cancellations, though analysts say the financial impact is likely limited.
Despite broader tech market gains, Netflix underperformed, with shares closing at $1,161.
The company faces additional potential challenges from Donald Trump’s proposal of a 100% tariff on foreign films, which could raise content costs by $4.8 billion by 2025.
Still, analysts maintain confidence, citing strong international growth, advertising revenue, and a $1,400.69 average price target.
Las acciones de Netflix cayeron $ 25B en medio de la reacción contra el llamado de Elon Musk para cancelar suscripciones por preocupaciones sobre el contenido infantil.