Late fees planted the seed of an idea.
Legend has it that Netflix
At the time, in 1997, Blockbuster was a dominant multibillion-dollar company with massive brand recognition. Just 13 years later, the company inches toward bankruptcy, while Netflix sports a market cap of $6 billion. And this stunning transfer of wealth all began when a totally dominant company pissed off the wrong man at the wrong time.
Fool contributor Daniel Joshua Rubin posts to the boards as HollywoodDan and blogs regularly on CAPS. He holds no positions in any of the companies mentioned above, but recently realized gains of over 500% on Neftlix after discovering the stock by subscribing to Motley Fool Stock Advisor, of which it is a current recommendation. True to its name, The Motley Fool is made up of a motley assortment of writers and analysts, each with a unique perspective; sometimes we agree, sometimes we disagree, but we all believe in the power of learning from each other through our Foolish community. The Motley Fool has a disclosure policy.
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