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Netflixš° ltās 2000, and Netflix co-founders Reed Hastings and Marc Randolph offer to sell their fledgling DVD rental business to Blockbuster for $50 million. Blockbuster laughs them out of the room. Fast forward to 2025, Netflix boasts over 238 mil
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In 2001, Netflix begged Blockbuster to buy them for $50 million. But Blockbuster laughed at them. Today, Netflix is worth over $350 billionāand no one remembers Blockbuster. Hereās how that rejection ignited one of the greatest business comebacks
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Netflix didnāt just beat Blockbusterāthey exploited its biggest weakness. In 2000, Blockbuster made $800M from late fees. Customers hated them. Netflix saw an opportunity. Instead of charging per rental, they launched a $19.99/month unlimited plan.
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Founder at JEE SIMPL...Ā ā¢Ā 5m
šØ SPOILER ALERT In the upcoming 3 Idiots sequel, Rancho becomes a father. Okay, stay with me. Thereās no sequel. No spoiler. But imagine seeing this on a massive billboard while scrolling. Youād pause, zoom in, maybe even share it. That curiosity
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