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Shocker: Wokeness Is Not a Winning Business Strategy?
Netflix Stock Drops 35% After Losing Subscribers, Expects to Lose Millions More Next Quarter
Side Note: Disney stock is also down about 1/3 from its highs and has reached a 52-Week low.
Netflix Shares Plummet; Elon Musk Blames ‘Woke Mind Virus’, Calls Service ‘Unwatchable’
I watched about an hour of CNBC after the Netflix quarterly report. I’d say 10 different financial experts commented on the stock decline. NOT ONE SINGLE WORD was suggested that at least part of the decline was due to Netflix’s obsession with wokeness. I don’t think these 10 analysts are stupid by any means, but as is now customary in mainstream media, commentators self-censor for fear of being attacked by the PC-enforcement mobs. Streaming success is based more than anything on content, especially new & original content. Despite Netflix’s massive investment in original content, they just can’t help themselves from injecting woke bullshit into EVERY F-ING SHOW, regardless of whether it’s related to the plot or not. People want to be entertained, not preached to. They watch streaming shows to escape from politics, not have it constantly thrown in their face. Like Disney, until Netflix breaks the cycle of groupthink and gets some people to stand up to the politically correct bullies, they will continue their nosedive as a company, catering to a ever-dwindling segment of the population.
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