You can totally use this trivia the next time you need an icebreaker.
and turned it down. However it wasn't that the video rental chain was looking to purchase it, Netflix was in financial troubles and hoping that Blockbuster would buy them out.In Netflix's co-founder Marc Randolph's book,, he says that the company had for months tried to get a meeting with Blockbuster in the hopes that they would buy them because they weren't profitable.
Randolph went on to say that when they told them it would cost $50 million to buy Netflix, the then-Blockbuster CEO, John Antioco, was"struggling not to laugh," and did not take them seriously . While this all seems like a completely dumb decision today, it actually made sense at the time, the dot-com crash had just happened and internet companies were thought of as risky investments.
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