Tesla and SpaceX CEO Elon Musk criticized the “woke mind virus” making Netflix “unwatchable” as shares took a nosedive before market open Wednesday after the streaming service disclosed Tuesday afternoon that it lost subscribers in the first quarter for the first time in more than a decade.
as having a "woke mind virus" that makes subscription streaming service "unwatchable" Tuesday as shares took a nosedive.
"The woke mind virus is making Netflix unwatchable," Musk tweeted Tuesday night, responding to Slashdot’s tweet about Netflix’s shares cratering by 20% after the company reported it lost subscribers for the first time in more than 10 years. By Wednesday morning before market open, Netflix shares were down by 27%. The Wall Street Journal reported Wednesday that Netflix shares were on course for their worst day in nearly a decade. In releasing its first quarter report Tuesday afternoon, Netflix co-CEO Reed Hastings said the company would be experimenting with lower-cost, ad-supported packages and acknowledged the effect of growing competition in the streaming market.
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