• Latest
  • Trending
Netflix loses $15 billion as Elon Musk intensifies action to boycott over transgender shows

Netflix loses $15 billion as Elon Musk intensifies action to boycott over transgender shows

October 3, 2025
Nigerian digital lender, Lidya, ceases operations over financial distress

Nigerian digital lender, Lidya, ceases operations over financial distress

October 23, 2025
85% of Nigerian crypto investors fall within the low-income bracket - Quidax

85% of Nigerian crypto investors fall within the low-income bracket – Quidax

October 23, 2025
Whish Money expands to Canada, eyes more markets outside MENA region

Whish Money expands to Canada, eyes more markets outside MENA region

October 23, 2025
MTN Nigeria Announces Temporary Network Shutdown for Fibre Upgrade

MTN Nigeria Announces Temporary Network Shutdown for Fibre Upgrade

October 23, 2025
Moniepoint raises $90 million in Series C funding

Moniepoint raises $90 million in Series C funding

October 23, 2025
Apply Now: NITDA and Cisco offer Free Cybersecurity Training

Apply Now: NITDA and Cisco offer Free Cybersecurity Training

October 23, 2025
cNGN stablecoin reserves surpass circulation by over ₦5 million

cNGN stablecoin reserves surpass circulation by over ₦5 million

October 23, 2025
5 startups redefining Nigerian fintech in 2025

5 startups redefining Nigerian fintech in 2025

October 23, 2025
Digital driver’s licenses coming to Nigeria, says FRSC

Digital driver’s licenses coming to Nigeria, says FRSC

October 23, 2025
OpenAI launches ChatGPT Atlas, a new AI web browser

OpenAI launches ChatGPT Atlas, a new AI web browser

October 23, 2025
One bad update: How an AWS error crippled the web

One bad update: How an AWS error crippled the web

October 22, 2025
YouTube gives creators tool to detect unauthorised likeness use

YouTube gives creators tool to detect unauthorised likeness use

October 22, 2025
Techpression
Advertisement
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
Friday, October 24, 2025
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News

Netflix loses $15 billion as Elon Musk intensifies action to boycott over transgender shows

Oluwatosin Adeyemi by Oluwatosin Adeyemi
October 3, 2025
in Tech News
4 0
0
Netflix loses $15 billion as Elon Musk intensifies action to boycott over transgender shows
0
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

Elon Musk’s public call to boycott the streaming behemoth spiked subscription cancellations, which plummeted Netflix’s market value by $15.1 billion.

Netflix’s children’s shows, especially the animated series Dead End: Paranormal Park, which has a transgender adolescent lead, are the focus of the criticism.

Musk, who has a sizable following on X, announced that he had terminated his own Netflix subscription and urged his 227 million followers to do the same.

“Cancel Netflix,” Musk stated bluntly.

RelatedPosts

Grok chatbot now available on iOS

Grok chatbot now available on iOS

December 25, 2024
X hikes Premium+ monthly subscription fee to N34,000 in Nigeria

X hikes Premium+ monthly subscription fee to N34,000 in Nigeria

December 24, 2024

Namibia orders Musk’s Starlink to shut down

November 29, 2024

Trump appoints Elon Musk to head newly constituted govt efficiency department 

November 13, 2024
Load More

He shared posts from people who had unsubscribed in protest, criticising the show for pushing a “transgender woke agenda.”

Many responded favorably to his follow-up message, which reads, “Cancel Netflix for the health of your kids,” which caused a sharp increase in cancellations and the trending hashtag #CancelNetflix.

Hamish Steele: transgender shows producer at the centre of the controversy

After conservatives unearthed old social media posts by the show’s creator, Hamish Steele, who allegedly made offensive comments regarding the September assassination of right-wing activist Charlie Kirk, the backlash grew more intense.

Despite Steele’s now-deleted Bluesky post dismissing the outrage as “lies and slander,” the storm has continued to gain online traction.

The incident stoked more outrage among conservative groups and parents, who accused Netflix of promoting progressive gender ideologies to children, even though Steele denied the accusations.

The fall of Netflix’s market value

The controversy has also shaken Wall Street. Netflix’s market value was wiped out as its shares dropped two per cent on Wednesday and another two per cent on Thursday.

The combined effect has dropped the company’s market capitalisation by $15.1 billion. The possible long-term effects on subscriber numbers and brand reputation are causing investor concerns to grow.

Netflix has not yet publicly addressed the controversy or Musk’s remarks. As the situation progresses, the streaming service is under more pressure to manage the cultural controversy surrounding its content offerings.

Elon Musk’s personal grouse

Musk has a personal edge to his attack. His oldest daughter, Vivian Jenna Wilson, broke off her relationship with him in 2022 when she legally changed her name and publicly transitioned.

Since then, Musk has asserted that the “woke mind virus” taught in prestigious Californian schools “killed” his child.

The wealthiest man in the world has taken a more active role in America’s cultural conflicts, often using his extensive online following to promote conservative viewpoints that contradict what he refers to as “woke ideology.”

Tags: controversyElon Muskmarket valueNetflix boycottstreaming service
Oluwatosin Adeyemi

Oluwatosin Adeyemi

Oluwatosin Adeyemi is a seasoned writer with 5+ years of experience. He holds a degree in Animal Science from Olabisi Onabanjo University. A hardworking and creative individual with a passion for teamwork and self-improvement.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business
  • Home
  • About
  • Contact Us
  • Advert Rate
  • Terms & Conditions
  • Privacy Policy
  • SiteMap

© 2025 Techpression

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.