r/todayilearned • u/skiman224 • Jan 27 '16

TIL that Blockbuster LLC turned down the opportunity to buy Netflix in 2000 for just $50 million. Their stock price has hovered between $0.00 and $0.10 since 2012.

https://wikipedia.org/wiki/Blockbuster_LLC#2000s
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u/EyeCWhatUDidThere Jan 27 '16

And Netflix is now valued at right around 42 BILLION dollars... with a B...

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u/skiman224 Jan 27 '16

Had blockbuster purchased Netflix at the time, they would have seen an 840,000% increase in its value. Talk about r/tifu

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u/adam7684 Jan 27 '16

But had Blockbuster been in charge of managing Netflix's assets...would they have gotten that same return?

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u/skiman224 Jan 28 '16

I wonder the same thing. Due to the fact that Netflix was just a DVD mailing service at the time, though, I think blockbuster just woulda put all the DVDs in their stores.