Netflix axed multiple projects this week, including an animated film based on Ibram X. Kendi's Antiracist Baby, a book aimed at preschoolers. The move comes after Netflix lost 200,000 subscribers in the first quarter of 2022, the first time the company has lost more subscribers than it has obtained in a decade. The platform also dismissed 150 employees, including those in the animation division. However, according to the service, the firings were a creative judgment and not financially motivated. "These changes are primarily driven by business needs rather than individual performance, making them especially tough as none of us want to say goodbye to such great colleagues," Netflix told Fox News. "We're working hard to support them through this very difficult transition." [tweet_embed] May 23, 2022[/tweet_embed] Aside from Antiracist Baby, Netflix also canceled Executive Producer Ava DuVernay's animated project Wings of Fire, and Kendi's documentary Stamped: Racism, Antiracism and You. Kendi, a Boston University professor, and author, has become a famous voice in the Black Lives Matter movement and the debate surrounding Critical Race Theory. Following the 2020 death of George Floyd, Kendi's book How to Be an Antiracist became a hit. Kendi's Antiracist Baby project was expected to be a series of animated vignettes targeted at preschoolers. [tweet_embed] May 23, 2022[/tweet_embed] After calling the Republican Party "the party of white supremacy, " the author became a controversial figure." He also accused Supreme Court Justice Amy Coney Barrett of being a "white colonizer" who used her children from Haiti as "props" in 2020, the New York Post reported. Tesla and SpaceX CEO Elon Musk applauded the changes to the platform after Netflix warned employees they could be working on projects they did not personally agree with and claimed it would not censor the artists it works with. “If you’d find it hard to support our content breadth, Netflix may not be the best place for you,” the memo reads. You've probably heard of the high-flying Big Tech FAANG stocks, Facebook, Amazon, Apple, Netflix, and Google. Among the five of them, their market cap reached $6 trillion last year, which is more than the GDP of all but a small handful of entire countries. Additionally, their net worth is larger than the entire annual output of India, with more than 1 billion people. [tweet_embed] May 23, 2022[/tweet_embed] These companies got so big and lucrative that politicians on the left, right, and center started accusing them of monopolistic behavior. "Break them up!" shouted Democratic Sens. Bernie Sanders and Amy Klobuchar. Some Republicans, such as Josh Hawley, endorsed the same strategy. Netflix's stock has gotten crushed of late. Just flattened.