The world takes Elon Musk seriously. Everything he says and posts on the internet carries weight (especially when he talks about other businesses). And it’s proven again. Netflix is in $15 billion of trouble after Elon Musk’s boycott call on the platform ‘X’ (on October 3, 2025). He accuses Netflix of showing too much “woke” content (most certainly to children). He urged others to cancel their Netflix subscriptions as well. This move hit Netflix the hardest, with its stock price dropping 4.3% in just a day. So, what is happening now? Why is Netflix tigger people? And why is Elon boycotting Netflix? For all that, learn more.
Why Is Elon Musk Boycotting Netflix?
Not just Elon, most of the internet is in with the #CancelNetflix hashtag. Everybody’s concern is that Netflix is showing too much “woke” content. It means that the shows on Netflix are heavily about gender identity, sexuality, or social justice, which some conservative people dislike.
- This has come to light mainly because of an old Netflix show called “Dead End: Paranormal Park.”
- The show is primarily about a teenage transgender character.
- Well, the show was banned in 2023 after airing two seasons.
- But after 2 years, clips of the show are resurfacing on social media.
Upon this, a conservative social media account called “Libs of TikTok” shared the clips slamming Netflix and accused it of promoting a “transgender woke agenda,” targeting children.
How Elon Musk Got Involved
The post from Libs of TikTok went viral and caught Elon Musk’s attention, and he responded:
- He cancelled his Netflix subscription.
- He posted on his ‘X’ account criticising Netflix’s content and the show’s creator.
- He is urging the internet to cancel their Netflix subscription.
The Creator Controversy
“Dead End: Paranormal Park” creator Hamish Steele posted on Bluesky about conservative activist Charlie Kirk. Charlie Kirk was killed in a shooting. Hamish Steele’s post was an alleged mockery of Kirk, calling him a Nazi.
The right-wing commentators slammed Steele for celebrating Kirk’s death. Elon Musk, on the other hand, was vocal about those claims, reposting them. He said Netflix employed someone who celebrated murder.
All of this drama made the backlash even stronger.
The Impact on Netflix
- Only after Musk joined the boycott call did the hashtag #CancelNetflix start trending.
- Netflix’s share price started dropping and continued to decline for three days.
- As a result, the company’s market value dropped by approximately $15.1 billion to $482.9 billion, which nearly wiped out $15 billion in just one day.
- Notably, this number is the sharpest stock decline since April 2025 for Netflix.
Background: Not the First Time
Netflix has been there in such controversies more than once now. In 2020, Netflix faced similar heat for its French film “Cuties.” The film was accused of sexualising young girls.
Netflix’s Response
Netflix has been quiet so far; no official statement has been made.
- On Musk’s boycott call.
- Or on the criticism aimed at Hamish Steele.
Piyush Mishra
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