Netflix Inc. shares dropped more than 2% on Wednesday after billionaire entrepreneur Elon Musk urged subscribers to cancel their accounts, sparking debate over the streaming giant’s content policies and diversity strategy.
Musk, who runs Tesla, SpaceX, and social media platform X, posted multiple messages calling for users to “Cancel Netflix” and added in another post, “Cancel Netflix for the health of your kids.”
The comments came shortly after he said he had ended his own subscription.