Musk's Campaign to "Cancel Netflix" causes the stock to drop 5%. Buffett shows NFLX support.

Original article

Netflix is once again in the cultural crossfire — and this time, two of the world’s most influential billionaires are pulling in opposite directions.

On one side, Elon Musk is leveraging his massive social media reach to push “Cancel Netflix,” criticizing the platform for children’s programming that includes LGBTQ+ characters. This isn’t new — Musk has previously targeted Disney+ and Hulu, tying media consumption to broader cultural debates. Given his 200M+ followers, the risk is real: Google Trends data shows “cancel Netflix” spiked to its second-highest level in the past 12 months. Shares are down 5% this week.

On the other side, Warren Buffett — who almost never comments on companies he doesn’t own — gave Netflix a subtle but powerful endorsement. Buffett, a lifelong Omaha resident, stayed up late to watch Netflix’s live broadcast of Terence Crawford’s title fight, alongside 41 million other viewers. His casual acknowledgment effectively validates Netflix’s pivot into live sports, signaling that the platform’s moat could extend beyond scripted content. Also, wild that a 93 year old would stay up that late haha.

## What I'm doing

Burn, baby, burn! I hope this draws down NFLX's stock price by 30%+ (it won't) so I can look to add a position. This will be a short-term blemish, just as 99.99% of all culture-war topics do.