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Investors Business Daily
Investors Business Daily
Technology
PATRICK SEITZ

Netflix Stock Snaps Five-Day Losing Streak After Conservative Backlash

Netflix stock broke a five-day losing streak on Monday amid criticism from conservative leaders over the internet television network's controversial programming choices.

On the stock market today, Netflix stock rose 0.9% to close at 1,163.31.

Last week, Netflix shares retreated 5% as tech billionaire Elon Musk and others urged subscribers to cancel their Netflix service. Conservative pundits accused Netflix of promoting pro-transgender themes on kids' shows such as "Dead End: Paranormal Park," "CoComelon" and "The Baby-Sitters Club."

"Cancel Netflix for the health of your kids," Musk wrote on X on Oct. 1, quoting another user's meme depicting Netflix's "transgender woke agenda" as a Trojan horse entering a fortress labeled "your kids."

Musk also has pushed claims of an alleged antiwhite hiring bias at Netflix, and has criticized Democratic Party donations by company executives, Variety reported.

Another stock hammered by conservative outrage is Build-A-Bear Workshop.

According to news reports, a Build-A-Bear employee refused a customer request to name her newly created plush toy after slain conservative activist Charlie Kirk. The 16-year-old customer wanted Kirk's name printed on the "birth certificate" for her stuffed bear.

That Sept. 26 incident in Tukwila, Wash., triggered calls for a boycott of the retailer on social media, Fox Business reported.

Build-A-Bear stock has fallen about 18% since Sept. 26 through Monday's close.

Follow Patrick Seitz on X at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.

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