Global streaming giant Netflix has taken a big hit after Tesla CEO Elon Musk started a clarion call to boycott the OTT platform. This has led to Netflix grappling with potential challenges that could affect its stock performance. This happened amid outrage over the animated series ‘Dead End: Paranormal Park’, which featured a teenage transgender character.

When the controversy gained momentum, #CancelNetflix went viral, echoing cultural barriers that the company faced earlier. As per Wion, the fallout was swift on Wall Street as Netflix shares slumped 4.3 per cent in just one and a half days. And the company’s market capitalisation dropped to 15 billion dollars. Over the week, the stock loss was nearly 5 per cent, its steepest decline since April.

This started when Elon Musk revealed o

See Full Page