StockNews.AI
NFLX
Forbes
9 hrs

Netflix Stock Drops Again—Now Down 2.4% Since Musk's Call For Cancellations

1. Musk urges users to cancel Netflix subscriptions, affecting stock price. 2. Netflix shares fell 2.4% since Musk's tweet initiating cancellations. 3. Stock is down 4.4% in the last five trading days. 4. Despite recent declines, Netflix shares are up 30% year-to-date. 5. Netflix reported significant revenue and profit increases in July.

5m saved
Insight
Article

FAQ

Why Bearish?

Musk's influence can sway public opinion, affecting subscriptions and stock performance, similar to past social media instances impacting companies negatively.

How important is it?

High influencer impact and social media dynamics suggest significant potential for immediate backlash against Netflix subscriptions, impacting stock.

Why Short Term?

Immediate reaction to Musk's calls can lead to rapid changes in stock prices, as seen with other influencer-driven market behaviors.

Related Companies

Related News