Monday, December 14, 2009
Netflix Rumors
Netflix is on the up and up because of the new rumors that the tech giant Amazon is expected to take it over. Netflix in general has revolutionized the way to rent movies in America. People no longer had to leave their home but simply had to mail in movie requests and return them when you are done to receive another one. However, both Amazon and Netflix declined to acknowledge the rumors leaving the public to rely only on opinion. But they did not say that it was false so in fact stock for Netflix will be expected to rise if the two companies decide to merge. This is great news for our stock because if Netflix does go up we will most definitely increase our rank in The Stock Market Game.
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I've always wondered how Netflix worked and how their company had been doing with this new way to rent movies. I would like to try Netflix sometime, because I find that it would more convienent than the original driving to the video store to rent the movie and then bring it back.
ReplyDeleteI along with Dan, have also wondered how Netflix actually worked in regard to how they can stay a successful company by using such an unorthodox way of renting movies. This is interesting to see that it's actually a major leader in renting movies. Based on the article, it sounds like Netflix is only going to continue to get bigger.
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