xxxx

Something strange happened today on the New York Stock Exchange, Blockbuster’s stock price seemingly dropped 78% for no reason.

It was a rumor floating around that Blockbuster was talking to lawyers about filing for bankrupty protection, that actually ended up being true, that caused the stock to basically take a nose dive in afternoon trading.

The amusing part of the story is that, while Blockbuster tanked, Netflix actually rose by 13%.

Blockbuster has been having problems for the last few quarters, and services like Netflix aren’t helping out. Everytime I’ve walked into a Blockbuster in the past 5 years, I have been disappointed and actually haven’t been once in the past 2 years. Problems with raising rates and limited selection has something to do with the fact I’m so disappointed with the service, and I’m sure that I’m not alone.

I don’t want to drive all the way to a Blockbuster just to know that Kung Fu Panda is always out of stock.

Jeremy

View all posts by Jeremy
Jeremys website