HBO’s John Oliver presented a nearly 32-minute takedown of Herbalife and other multilevel marketers on his show Sunday night — and the market yawned.

The host, whose “Last Week Tonight with John Oliver” has been able to affect change — like with local government transparency and net neutrality — couldn’t immediately move the needle on shares of the Los Angeles company or a second company mentioned during the show.

Herbalife shares closed up 4 cents, to $55, while a second publicly traded company to get shredded during the show, Nu Skin Enterprises, closed up 1 percent, to $54.20.

A good portion of Oliver’s rant appeared to be built around “Betting on Zero,” a documentary that focuses on hedge fund manager Bill Ackman’s crusade against Herbalife.

Neither Oliver nor the film’s distribution introduced much new to the anti-Herbalife narrative — but surely focused attention on the company’s shortcomings.

“Betting on Zero” has been making the festival rounds since its April premiere at the Tribeca Film Festival.

Oliver critiqued the FTC’s complaint against Herbalife, which was released in July, calling it “mind-blowing” and questioned — as many others before him have — why the government stopped short of calling the company a pyramid scheme.

“The FTC even stated that Herbalife is going to have to start operating legitimately, which implies that hadn’t been up until then. And yet, amazingly, [Chief Executive] Michael Johnson characterized this as a victory,” Oliver said.

Meanwhile, the documentary is slated for a wider release early next year, thanks to LA-based Gunpowder & Sky Distribution.

“This is a riveting, important story,” Gunpowder and Sky’s head of content Jake Hanly said in a statement. “It gives a voice to Herbalife’s victims and we’re proud to help amplify that voice.”

Shares of Herbalife have fallen nearly 8 percent since the FTC’s ruling in July that stipulated that the company pay a $200 million fine and implement changes to its business model by May 2017.

Last week, billionaire investor Carl Icahn increased his stake in the company to 23 percent from 20.8 percent. The purchases came days after the company reported third-quarter earnings and announced that Johnson would be stepping down on June 1.

Representatives for Herbalife and Ackman’s Pershing Square declined to comment.