Netflix took a big hit in subscription cancellations after co-founder Reed Hastings publicly announced his support of Vice President Kamala Harris.
Hastings also announced a $7 million donation towards a super PAC supporting Harris, which resulted in a spike in membership cancellations as Netflix subscribers banded together on social media to boycott the streaming giant.
In the days following the July endorsement, the cancellation rate nearly tripled in the United States.
July was already a month with high cancellation rates, following Netflix’s decision to get rid of its lowest priced ad-free plan, with subscribers canceling at a rate of 2.8%.
Despite prior unusually high cancelation rates, the days following Hastings’ endorsement still stood out as conservative subscribers opted to spend their money elsewhere.
see more https://www.oann.com/newsroom/netfl...der-announces-7m-donation-to-harris-campaign/
Hastings also announced a $7 million donation towards a super PAC supporting Harris, which resulted in a spike in membership cancellations as Netflix subscribers banded together on social media to boycott the streaming giant.
In the days following the July endorsement, the cancellation rate nearly tripled in the United States.
July was already a month with high cancellation rates, following Netflix’s decision to get rid of its lowest priced ad-free plan, with subscribers canceling at a rate of 2.8%.
Despite prior unusually high cancelation rates, the days following Hastings’ endorsement still stood out as conservative subscribers opted to spend their money elsewhere.
see more https://www.oann.com/newsroom/netfl...der-announces-7m-donation-to-harris-campaign/