this post was submitted on 04 Aug 2023
306 points (99.7% liked)
Asklemmy
43905 readers
986 users here now
A loosely moderated place to ask open-ended questions
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
At least something we can all cheer about :)
This also reminds me of Yahoo turning down the offer to buy Google in their early stage! https://finance.yahoo.com/news/remember-yahoo-turned-down-1-132805083.html
The thing to remember with these examples is that those companies would have royally fucked up their purchases. Big companies always impose a culture and a mindset.
AT&T would definately have crushed the internet with a monopoly - we would have had to use AT&T approved internet devices, and they would have brought long distance type charges to it. Oh so your email is going overseas? That’s an extra 10c.
Same with Google and Netflix. They were all able to continue with the founders vision and create something special.
Or Blockbuster turning down a $50 million offer to buy out Netflix.
That one really wasn't as obvious at the time. Netflix was in huge debt and hadn't really built their streaming platform yet. In fact streaming was barely possible. Blockbuster should have been able to out-compete Netflix at both dvd by mail and streaming but they screwed it up. Netflix won, but may now end up getting killed by the big studios.
It never is, that's how the investment market works. Blockbuster thought it was still ludicrously high for an ailing niche competitor. That's arguable, but I don't think anyone could guarantee Netflix was actually going to achieve their (at the time very sci-fi) vision.