Do you want to know how to deal with all of these woke companies that are just getting continually worse? Well, here’s exactly how you do it…you hit them where it hurt the most – their profits.

After a certain point, you stop paying for their service because they’re bombarding you with woke content. As the number of users declines, so do profits, and shareholders become irritated. When this is combined with poor stock performance, a federal lawsuit is inevitable.

Netflix, which went woke and paid Obama a lot of money, is now being sued in federal court by shareholders who claim the company misled investors.

Investors who bought stock between October 19, 2021 and April 19, 2022 are included in the case filed in federal court in northern California. Netflix’s stock price plunged 67 percent during that time.

Bill Ackman, a billionaire, sold 3.1 million shares and declared a loss of more than $400 million, claiming that he had lost faith in the company.

According to the lawsuit, Netflix misled investors after reporting that it lost 200,000 subscribers in the first quarter of 2022 and expected to lose another 2 million in the next quarter.

“As a result of these materially false and/or misleading statements, and/or failures to disclose, Netflix’s securities traded at artificially inflated prices during the Class Period. Plaintiff and other members of the Class purchased or otherwise acquired Netflix’s securities relying upon the integrity of the market price of the Company’s securities and market information relating to Netflix, and have been damaged thereby,” the complaint reads.

Imperium Irrevocable Trust filed the complaint in the hopes of it becoming a class action lawsuit as additional shareholders join.

Netflix reportedly inked a multiyear deal with the Obamas in 2018 to develop content worth little under a hundred million dollars. News organizations at the time described the transaction as a “unmatchable asset” for Netflix.

If Disney does not get their act together, it will be an unmatchable failure.

Daniel

Daniel is a conservative syndicated opinion writer and amateur theologian. He writes about topics of politics, culture, freedom, and faith.

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  • Obama destroys everything good he controls and turns it into a trash heap. He’s presently Biden’s puppet master and Obama is destroying America from within.

  • I get paid more than $90 to $100 per hour for working online. I heard about this job 3 months ago and after joining this I have earned easily $10k from this without having online working skills . Simply give it a shot on the accompanying site…

    Here is I started.……… 𝐰𝐰𝐰.𝐟𝐮𝐥𝐣𝐨𝐛𝐳.𝐜𝐨𝐦

  • Quote: “Netflix reportedly inked a multiyear deal with the Obamas in 2018 to develop content worth little under a hundred million dollars. News organizations at the time described the transaction as a “unmatchable asset” for Netflix.

    If Disney does not get their act together, it will be an unmatchable failure.” I wasn’t aware that Disney owns Netflix, which is the only way these two paragraphs make sense.

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