True to Form

When I worked at Netflix, the business model was essentially to wait Blockbuster out. Despite Blockbuster offering a better deal - same monthly rate plus the trade in option at the store - Netflix knew Blockbuster had to be operating at a huge loss. Blockbuster was trying to gobble up market share in an attempt to put Netflix out of business.

Well, Netflix has been holding out and it looks like they were right. Blockbuster just raised my monthly rate from 17.99 to 19.99. After the Holidays, I'm going to jump ship because Blockbuster is a weasel of a company that would charge late fees to their own family.

Meanwhile, Netflix is experiencing another difficulty: the increase in postage the US post office plans to charge for the red envelopes that don't work in their auto sort machines.

Competition.