Netflix Pairs Streaming Dominance With Capital Returns – Buyback Wednesdays

In the year 2000, Netflix (NFLX) co-founder Reed Hastings flew to Dallas and pitched Blockbuster, the once-dominant video rental giant with thousands of stores across America, on buying his small DVD-by-mail startup for $50 million. The offer was laughed off. Twenty-six years later, Blockbuster exists only as a relic with a single remaining store in