Netflix shares plummet after Elon Musk’s exit over alleged targeting of children with sexualised, LGBTQ content
By Ishaya Ibrahim
World richest man, Elon Musk, has canceled his subscription on Netflix on the ground that the network sexualised children with cartoons which promote Lesbian, Gay, Bisexual, Transgender and Queer (LGBTQ) contents.
The controversy erupted after Libs of TikTok, a conservative social media account with millions of followers, posted a clip from the Netflix show Dead End: Paranormal Park. The show features a blue-haired character coming out as transgender. The network framed the scene as a positive representation for LGBTQ+ youth.
Musk, in a post on his X handle, announced he has canceled his Netflix subscription.
He posted: “Cancel Netflix” and added in another post, “Cancel Netflix for the health of your kids.”
He later said: “Netflix is deliberately choosing to pay people to create sexualized content for children. Freedom of speech should be respected, but this is PAID speech. Netflix is going out of their way and reaching into their wallet to push this.”
Moment after exiting from Netflix, the shares of the movie stream company dropped by 2%.
