Okay, so I saw this headline floating around: “Netflix lost billions after donating to Kamala Harris.” It piqued my interest, so I decided to do some digging myself and see what’s what. Here’s how it all went down.
My Investigation Process
First, I grabbed my laptop and fired up Google. I typed in something like “Netflix stock drop Kamala Harris donation” to get the ball rolling. I wanted to see the initial reports and get a sense of the timeline.
I found a bunch of articles talking about this. Most of them pointed out that Netflix’s stock took a nosedive – a 40% drop, apparently. And get this – they supposedly lost $2 billion in just four hours! All this after donating $7 million to Kamala Harris’ campaign in July 2024. Crazy, right?
I started to put together a simple timeline to visualize the info:
- July 2024: Netflix donates $7 million to Kamala Harris’ presidential campaign.
- Shortly After: Netflix stock plummets by 40%.
- Within 4 Hours: Netflix loses an estimated $2 billion in market value.
It looks too direct and simple when it is put this way. There should be other factors that caused the huge amount of money loss.
The Conclusion
I dug and compared these data, that’s what I found.Netflix’s stock did fall after the donation, and they did lose a lot of money.
So, yeah, that’s the gist of it. Netflix made a big donation, and then their stock tanked. Whether the two are directly related, well it is not 100% sure yet. But the timing is definitely something to think about!
