The next time you hear Jim Cramer scream "BUY" on some stock -- maybe don't -- as the host of "Mad Money on CNBC" told the world to buy Netflix stock on January 4... and it has absolutely tanked since.
Netflix stock is down 39% in the last 5 days, down from around $350 to just $214 at the time of writing. A disaster, as Netflix stock has a 52-week high of $700.99 and now we're scraping just over $200. SpaceX and Tesla boss Elon Musk said the "woke mind virus" is killing Netflix... and with shows like "He's Expecting" (about a man who is "pregnant") it's no wonder.
Netflix has been getting worse and worse with its content over the years, where its woke-focused content isn't being consumed anywhere near as much. Not only that, but there are far more competitors in the streaming space now including Disney+, Apple TV, HBO Max, and more.
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