Big League Economics
Netflix Stock is Plummeting in Response To Obama Show
Trump supporters across the country began boycotting Netflix by canceling their memberships. Just days into the boycott Netflix is already feeling the heat. Their stock has been steadily lowering in price since the boycott began.
Last week, Big League Politics exposed how former President Barack Obama is in advance negotiations with video streaming service Netflix to have his own show. In response, Trump supporters across the country began boycotting Netflix by canceling their memberships.
Just days into the boycott Netflix is already feeling the heat. Their stock has been steadily lowering in price since the boycott began. Just today the stock has dropped nearly 3% in value. As of press time, it’s down &9.35.
Since Christmas, the stock has been steadily climbing, leading to investment publications to praise the company, stating that their stock is “on fire.” On Christmas day, the Netflix stock was priced at $191, and just last week it topped off at $331.
That was just before it came out that Barack Obama was in talks with Netflix to have a show for himself, and another for his wife, Michelle. After that announcement, the stock took a hit, seeing its first major dip in price since the beginning of February, where they quickly recovered.
Trending: ELECTORAL INTERFERENCE: Democrats Push to Throw Trump Off 2020 Ballot in 18 States
If this boycott continues, and intensifies, it could mean bad news for the company. It is especially hurtful for Netflix considering there are rumors that Apple is considering buying the company. A drop in stock prices could lead towards concern with a potential buyer.
Have a hot tip for Big League Politics?
Got a hot news tip for us? Photos or video of a breaking story? Send your tips, photos and videos to tips@bigleaguepolitics.com. All hot tips are immediately forwarded to BLP Staff.
Have something to say? Send your own guest column or original reporting to submissions@bigleaguepolitics.com.
Bypass Tech Censorship!
Facebook, Twitter and Google are actively restricting conservative content through biased algorithms. Silicon Valley doesn't want you to read our articles. Bypass the censorship, sign up for our newsletter now!
Join the conversation!
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. Thank you for partnering with us to maintain fruitful conversation.
