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VisitWill Netflix stock decline by more than 10% by the end of Q4 2024?
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Netflix Cancellations Triple After Co-Founder's Donation to Kamala Harris Sparks Boycott Calls
Sep 29, 2024, 11:17 PM
Netflix experienced a significant increase in cancellations following co-founder and chairman Reed Hastings' public endorsement of Kamala Harris for president. According to reports, the rate of cancellations nearly tripled in the days after Hastings donated $7 million to Harris's campaign. The surge in cancellations was further fueled by boycott calls from some supporters of former President Donald Trump in response to Hastings' political support.
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