Originally Posted by karkyco
Yeah, because everything you hear and see on CNBC is infallible.
From Kramer claiming Bear Stearns and Lehman were going to be fine to their classic dotcom, real estate, and Dow pump n dumps, they're a bunch of rah-rah, clueless idiots. They need to stick with just reporting the numbers, and lose the pump n dump and "advice".
As for Blockbuster, companies that do not adapt and change with the times, that do not continue to evolve, go the way of the dodo. This is nothing new. They had every opportunity to utterly CRUSH netflix and gamefly when they first appeared, simply by benefit of their recources and scale of market (at the time). But like many, they underestimated their competition and the power, potential, and benefit of the web.
Blockbuster = Sarah Silverman...all bark, no bite
Netflix and Gamefly = Ryan Phillipe quietly laying the curbstomp and donkeypunch on...
got to love CNBC when there were talking about the 12 days of xmas last year and they were showing those asian chics dancing around with santa ..... One of the people said something about
I wonder how much one of those cost (meaning a seat to the show but it sounded like he was trying to buy a hooker LOL)