Over the weekend, reports of an Obama show coming to Netflix made liberals wet themselves. The media was excited and that thrill up Chris Matthews’ leg returned as if Obama were still POTUS. Thankfully he’s not and today Netflix’s shock is taking a nose dive as Nasdaq hit an all time record high. I guess investors aren’t as thrilled as the media and liberals that Netflix is going to have an Obama show.
| Netflix stock plummets after reports of Obama show |
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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.