#except the competitors that got put out of business were not major hotel chains but small independent places

[tomwambsmilk]

Last post I prommy. But it seems to me that Netflix falls into the same category as Uber and AirBnB, where the business model is to stay unprofitable until you put the competition out of business, and then jack your prices up and your product quality down because you’re the only option and you can. Except, while Netflix put its original competitor out of business (Blockbuster), it accidentally inspired a ton of new competitors before it could reach the point of recouping its initial losses, and then it was screwed. Anyways that’s why you should always be skeptical of ‘disrupters’