The lesson?
Being the market leader today doesn't guarantee success tomorrow.
And being small today doesn't mean you'll stay small.
Innovation beats size when the world changes.
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NETFLIX ALMOST WENT BANKRUPT πβ‘οΈπ
NETFLIX WAS LOSING MONEY, BURNING CASH, AND RUNNING OUT OF OPTIONS.
Today it's worth hundreds of billions.
Here's how it almost disappeared... π§΅π
Years later, Blockbuster filed for bankruptcy.
Netflix became the future of entertainment.
The company that once tried to sell itself for $50 million became worth hundreds of billions.