A post shared on social media purports that Netflix stock dropped 40% after the co-founder donated to Vice President Kamala Harris’s presidential campaign.

Netflix loses 2 Billion in 4 hours after word of their huge donation to the Harris campaign. Go woke go broke. #netflix pic.twitter.com/njJM5iNS6i

— Ultra M Tracy 🇺🇸🌻 (@magagrandmom) July 26, 2024

Verdict: False

The claim stems from a satirical news outlet.

Fact Check:

The FBI confirmed a bullet struck former President Donald Trump during the attempted assassination, The Associated Press reported. This confirmation comes after FBI Director Christopher Wray suggested that it may have been shrapnel that hit Trump’s ear.

A post shared on X, formerly known as Twitter, purports that Netflix lost $2 billion in just a few hours after a donation to Harris was announced. The post shared an image that includes a headshot of Harris and a Netflix logo.

The caption reads, “Netflix loses 2 Billion in 4 hours after word of their huge donation to the Harris campaign. Go woke go broke.”

The claim is inaccurate. The claim stems from a satirical news outlet called the Dunning-Kruger Times. The article claims due to the political donation users cancelled their subscription in protest.

The website shares a disclaimer that identifies the site as parody, “Dunning-Kruger-Times.com is a subsidiary of the ‘America’s Last Line of Defense’ network of parody, satire, and tomfoolery.” (RELATED: Did The Men’s Swim Team Refuse To Compete With Transgender Swimmer Lia Thomas?)

A Netflix co-founder did donate to Harris’s campaign, according to Variety. Reed Hastings, worth over $6 billion, donated $7 million to a PAC that supports Harris for president.

This is not the first time misinformation surrounding Harris has been shared online. Check Your Fact recently debunked a claim an image showing the presidential hopeful with Jeffrey Epstein on the beach was genuine.