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Netflix saw highest day of cancellations this year after co-founder’s $7M donation to Harris campaign: report
Netflix saw a dramatic spike in cancelations after its co-founder Reed Hastings revealed he donated $7 million to Vice President Kamala Harris’ campaign, according to a report.
Cancelations on the streaming platform almost tripled in the United States after Hastings made the massive donation to a super PAC supporting Harris’ presidential bid, Bloomberg reported, citing the researcher Antenna.
Supporters of former President Trump called on conservatives to cancel their subscriptions after Hastings endorsed Harris on X and revealed the large sum of his donation in July.
NETFLIX CO-FOUNDER REED HASTINGS GIFTS $1.1B IN SHARES TO CHARITY
That same month, Netflix customers reportedly canceled their subscriptions at a higher rate than any month since February 2024, Bloomberg reported.
The outlet attributed the increase in cancelations to the company’s latest announcement that it would phase out its lowest cost option.
But the five-day period after Hastings’ endorsement was unusual, even for July,” the Bloomberg article states, noting that July 26 marked the single worst day for Netflix cancelations this year. News of Hastings’ hefty donation for Harris was revealed three days prior.
The longtime Democratic donor was among the notable figures to call on President Biden to step down this summer after his devastating debate performance.
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