New Delhi, Oct. 2 -- Netflix extended its losing streak in pre-market trading on Thursday, dropping 0.8% to a two-month low of $1,162 per share on Nasdaq, following a 2.3% decline in the previous session, a rare stumble on a day when the S&P 500 notched a record close above 6,700.

If the stock continues to slide today, it will mark a fourth consecutive day of losses. The stock came under pressure after billionaire Elon Musk used his social media platform X to call on followers to cancel their subscriptions.

Cancel Netflix for the health of your kids, Musk wrote in response to a post accusing the streaming company of promoting a transgender agenda. He specifically criticized the animated series Dead End: Paranormal Park, which is rated f...