[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Say No To Trading [@SayNoToTrading](/creator/twitter/SayNoToTrading) on x 6037 followers Created: 2025-07-12 23:06:52 UTC Many video rental stores in the 80s thru 00s were independently owned and operated. Saw a post saying these people were dumb to not hedge by owning $NFLX stock. No, it's dumb to make a comment like that and here's why: (1) Netflix didn't start streaming 'til 2007. Their original content wasn't until 2012 but more like 2013, with first major production House of Cards. (2) Blockbuster had peak revenue in 2004, which was X years earlier. (3) Blockbuster tried streaming, attempting to purchase Movielink in 2007 but eventually launched Blockbuster On Demand in 2010. (4) All of this was during Great Financial Crisis. It's easy to say Netflix would have been a good hedge, but no one knew how this transition would play out or who would end up on top. (5) Throughout this time, Netflix did DVD rentals through the mail in their famous red envelopes. It was more popular than their streaming. (6) There was also Redbox, offering $X DVD rentals through self-service XX hour vending machines. Typically cheaper per month than Netflix and certainly cheaper than traditional video rental stores. (7) Netflix didn't get into original content until X years after starting streaming. Prior to that, it looked like the big studios $DIS, $CMCSA, $PARA, $WBD, and $SONY could crush Netflix, since they owned all the content. Everything looks obvious in hindsight. But anyone that tells you they predicted the exact future is either lying or lucky. This is why one good strategy is to own a basket of stocks for a given theme. The winner (in this case $NFLX) can more than make up for the laggards and losers in the long run. I didn't buy Netflix until the Ackman bottom. I was also wrong about it in the past. I thought it was crazy when they went into original content. Then again, I have a jaded view from living in LA and knowing how production works.  XXXXX engagements  **Related Topics** [$nflx](/topic/$nflx) [stocks communication services](/topic/stocks-communication-services) [Post Link](https://x.com/SayNoToTrading/status/1944171633201267017)
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Say No To Trading @SayNoToTrading on x 6037 followers
Created: 2025-07-12 23:06:52 UTC
Many video rental stores in the 80s thru 00s were independently owned and operated.
Saw a post saying these people were dumb to not hedge by owning $NFLX stock.
No, it's dumb to make a comment like that and here's why:
(1) Netflix didn't start streaming 'til 2007. Their original content wasn't until 2012 but more like 2013, with first major production House of Cards.
(2) Blockbuster had peak revenue in 2004, which was X years earlier.
(3) Blockbuster tried streaming, attempting to purchase Movielink in 2007 but eventually launched Blockbuster On Demand in 2010.
(4) All of this was during Great Financial Crisis. It's easy to say Netflix would have been a good hedge, but no one knew how this transition would play out or who would end up on top.
(5) Throughout this time, Netflix did DVD rentals through the mail in their famous red envelopes. It was more popular than their streaming.
(6) There was also Redbox, offering $X DVD rentals through self-service XX hour vending machines. Typically cheaper per month than Netflix and certainly cheaper than traditional video rental stores.
(7) Netflix didn't get into original content until X years after starting streaming. Prior to that, it looked like the big studios $DIS, $CMCSA, $PARA, $WBD, and $SONY could crush Netflix, since they owned all the content.
Everything looks obvious in hindsight. But anyone that tells you they predicted the exact future is either lying or lucky.
This is why one good strategy is to own a basket of stocks for a given theme. The winner (in this case $NFLX) can more than make up for the laggards and losers in the long run.
I didn't buy Netflix until the Ackman bottom. I was also wrong about it in the past. I thought it was crazy when they went into original content. Then again, I have a jaded view from living in LA and knowing how production works.
XXXXX engagements
Related Topics $nflx stocks communication services