Netflix prepares to send its final red envelope
The tech industry has such bizarre economics. If I told you I had a business with:- $120M in annual revenue- 1M fiercely loyal customers who paid every month- 5 distribution centers spread across the country- 100 happy employees, each with a tenure of a decade or longerYou'd probably say that I had achieved the definition of success in the business world and should be proud of myself. To Netflix, on the other hand, this business is so irrelevant that they'd rather take it out back and shoot it in the head just to save the bother of continuing to run it.