This is why Elon Musk believes Netflix is in a financial crisis

For Jean Lucas Bello

April 21, 2022 at 11:37 a.m.

The netflix financial report presented in recent days has aroused comments of all kinds from people involved in the technology and entertainment industry.

Since the beginning of the week, Netflix has released its financial figures for the first quarter of the year, showing the loss of nearly 200,000 subscribers compared to previous years, generating a 40% drop in the value of its shares on the stock market in question. of hours

The reasons offered by the platform was the saturation of the market with the great competition that they now have (HBO Max, Disney +, among others) and the number of users who share the account with their family.

[Netflix: Cómo cambiar la región de tu cuenta para ver contenidos exclusivos]

However, Elon Musk indicated on his favorite social network, Twitter, the reasons why he considers that people are stopping using Netflix.

Elon Musk sobre Netflix

Through a tweet, the CEO of Tesla pointed out that “the woke virus” is to blame for people not seeing the streaming platform anymore.

The woke mind virus is making Netflix unwatchable

— Elon Musk (@elonmusk) April 20, 2022

Woke is a term derived from the word “Wake Up” translated to “wake up”. When they refer to that word, they are associating themselves with social movements that deal with issues of inclusion, representation or diversity. That is, a “woke” person is someone who is concerned about social injustice.

On the Internet, the term “Woke” has been used in a certain derogatory way to consider the actions carried out in these social movements as exaggerated.

For his part, Musk has been saying on several occasions that Netflix content abuses its stories to follow “the Woke agenda, trying to please those movements.