9 Things Nobody Knows About Netflix
2 min readApr 10, 2020
- A long time ago, Netflix didn’t even believe in Netflix. Reed Hastings went to Blockbuster executives in 2000 to offer up Netflix in exchange for $50 million. Blockbuster turned them down. Netflix’s value today? $150–200 billion.
- In late 2011, Reed Hastings had the bright idea to split up Netflix’s business into two separate segments; DVD rentals for one and streaming for the other. This plan shocked everyone, and the stock went into free-fall. From $50 a share it bottomed at around $7. He scrapped the idea almost a month after he announced it. These prices are quoted…
