Peter Kafka

@pkafka ↗

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Last Checked June 26, 2021

Created

Tue Jun 30 13:24:38 +0000 2020

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Peter Kafka @pkafka

Of note: A key problem for Blockbuster in its fight against Netflix was that it was saddled with $1 billion in debt. Today Netflix has $14 billion in long-term debt. — PolitiTweet.org

Posted June 30, 2020 Hibernated

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Peter Kafka @pkafka

Everyone thought Blockbuster would beat Netflix. Including @reedhastings, who tried selling Netflix to Blockbuster for $50 million in 2000. The idea was that Netflix would run https://t.co/TkMaWkhMqW. Blockbuster said no, and went bankrupt. Today Netflix is worth $200 billion. — PolitiTweet.org

This is the story about how teeny tiny Netflix beat giant Blockbuster. Or how: An incumbent came *really* close to… https://t.co/WNTCVGOTYj

Posted June 30, 2020 Hibernated

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Peter Kafka @pkafka

@ballmatthew (nods) — PolitiTweet.org

Posted June 30, 2020 Hibernated