According to Bloomberg, Netflix saw a spike in subscription cancellations after its co-founder donated millions of dollars to Vice President Kamala Harris' presidential campaign.
Reed Hastings endorsed Harris shortly after she jumped into the race in July, donating $7 million to The Information, a super PAC supporting Harris' campaign. reported. Since support began, Netflix cancellation fees have nearly tripled. According to This was reported to Bloomberg, citing data from Antenna.
After Hastings' donation became public, supporters of Republican presidential candidate Donald Trump posted the hashtag “#CancelNetflix” on social media and deactivated their Netflix accounts, Bloomberg reported. Announced.
Netflix customers in the U.S. canceled their subscriptions at a rate of 2.8% in July, in part because the streaming platform discontinued its cheapest subscriptions, according to Bloomberg.
Netflix's company logo is seen at Netflix headquarters on Wednesday, April 13, 2011 in Los Gatos, California. AFP PHOTO / Ryan Anson (Photo credit Ryan Anson/AFP via Getty Images)
Hastings was one of the first major technology founders to express support for Harris' campaign. (Related article: Major streaming platform 'quietly' cancels 'anti-racism' project after Americans complain about BLM)
“Congratulations to Kamala Harris. It's time to win,” Hastings said. in Posted on July 23rd to X.
President Joe Biden announced on July 21 that he was withdrawing from the presidential race and endorsed Harris. The decision came after a disappointing debate performance and several House Democrats calling on him to withdraw from the race.
Harris currently leads Trump by 2 percentage points, with polls showing her 49.1% to 47.1%. According to According to NBC, Ms. Harris leads Mr. Trump 54% to 40% among Latino voters, while Ms. Harris leads by 13 points when it comes to who they believe can do a better job of handling border security and immigration. He is said to be leading. /Telemundo/CNBC public opinion poll It was released on Sunday.
Netflix did not immediately respond to a request for comment from the Daily Caller News Foundation.
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