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Jeff Bezos Once Tried to Buy Netflix, Co-Founder Says: ‘We Said No and Then Worked Our A-- Off for 20 Years’ - Netflix (NASDAQ:NFLX), Amazon.com (NASDAQ:AMZN)

1. Netflix co-founders rejected Amazon's acquisition offer in 1998 during exploratory talks. 2. Bezos's team suggested a price between $14 million and $16 million. 3. Netflix's growth led to a market cap of $411.34 billion. 4. Rejecting the offer allowed Netflix to carve out its own path. 5. Today, Netflix is a leader in video streaming and production.

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FAQ

Why Bullish?

Netflix's refusal of a buyout highlights long-term strategic independence, boosting investor confidence. Similar historical refusals, such as Disney's rejection of acquiring Pixar, show long-term resilience can lead to significant market dominance.

How important is it?

The article reinforces Netflix's legacy and growth mindset, influencing investor sentiments positively. Highlighting strategic decisions fosters confidence in Netflix's future prospects.

Why Long Term?

The focus on strategic growth over acquisition sets a positive outlook for Netflix's future. Positive historical trends show that companies maintaining independence often experience sustained growth.

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