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TikToker Alex Warren has denied rumors that the announcement of the upcoming Hype Home actuality present brought on Netflix’s shares to drop, following an enormous quantity of backlash towards the present.
The Hype Home is without doubt one of the greatest content material homes on TikTok, consisting of creators like Thomas Petrou, Chase Hudson, Larray, and lots of extra.
With tens of millions of followers mixed, Netflix even determined to work with the group on a actuality present, to indicate the loopy behind the scenes of dwelling and dealing in a TikTok content material home.
On April 22, Netflix introduced the upcoming challenge, however they have been met with a unprecedented quantity of backlash.
The announcement of the Hype Home present obtained a combined response.
“Why are you giving these irresponsible TikTokers a collection? Nobody requested for this,” one commenter wrote, one other saying, “actually no person needs to look at this.”
Some even went so far as to say they’d be canceling their Netflix subscription, slating the corporate for slicing different fashionable reveals, and launching the Hype Home collection.
Folks even began attributing a drop in Netflix’s shares to the announcement of the present, theorizing it dropped on account of folks canceling their subscriptions.
netflix shares after they introduced their hype home present 🧍♀️ pic.twitter.com/GAhkg3hdwJ
— li ☻ misses harry ⁹⁴ (@91TEMPORARYFX) April 24, 2021
Nonetheless, Hype Home member Alex Warren was fast to close down the claims. “I maintain seeing rumors that our present brought on Netflix shares to drop. In the event you really take a look at their shares by a google search you’ll see they dropped after they didn’t meet their quarterly earnings. The day earlier than,” he mentioned.
i maintain seeing rumors that our present brought on Netflix shares to drop. In the event you really take a look at their shares by a google search you’ll see they dropped after they didn’t meet their quarter earnings. The day earlier than.
— Alex Warren (@alexwaarren) April 26, 2021
In its first quarter, Netflix added solely 3.98 million subscribers in its first quarter, failing to achieve its personal projection of 6 million.
The timing of the drop in shares and the announcement of the Hype Home actuality present have been so shut collectively that there have been many who believed the 2 have been correlated, however Alex made certain to clear up the rumors.
Whereas the present has obtained an enormous quantity of backlash, it seems that every little thing will proceed to go forward as regular.
What precisely the present shall be like stays to be seen, however many are ready in anticipation to see whether or not it meets their expectations.
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