Netflix Loses Big after Big Donation Announcement: “It was a Huge Mistake”

Netflix recently faced backlash after announcing a large donation to a controversial social justice cause. The move sparked criticism from subscribers and investors, leading to a sharp drop in stock price and market value.

Internally, there was disagreement among executives about the decision. The financial fallout was severe, with subscriber cancellations and reduced revenue. This incident highlights the risks companies face when taking bold stances on social issues without fully gauging public sentiment. Netflix is now working to regain trust and stabilize its business, emphasizing a more cautious approach to future social responsibility efforts.