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Netflix cap drops around $15 billion after Elon Musk's boycott call

Summary by India Today
Elon Musk’s boycott Netflix call sends shares tumbling, sparking a new culture clash. His posts on X came after he cancelled his own subscription to the streaming platform while taking a dig at it.

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Elon Musk is furious. He's boycotting Netflix. The reason is a cartoon character with blue bangs named Barney.

·Stockholm, Sweden
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Musk’s message had an immediate impact on social networks, where the phrase “Cancel Netflix” became a trend, with numerous users sharing captures of their cancellations.

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Netflix is in free fall. The streaming giant lost more than $15 billion in market value in just one week, according to Forbes, after Tesla CEO and X owner, Elon Musk, urged its 227 million followers to cancel their subscriptions “for the health of their children.” Cancel Netflix for the health of your kids https://t.co/uPcGiURaCp— Elon Musk (@elonmusk) October 1, 2025 Cancel Netflix for your children's health.

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India Today broke the news in India on Sunday, October 5, 2025.
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