From hand stuffing envelopes to building machine learning algorithms in five years, Netflix's journey from a DVD rental service to a streaming giant is fascinating. The parallel between the DVD and streaming services is evident, with both aiming to provide direct-to-consumer movie-watching experiences. Netflix's recommendation engine, initially developed for DVDs, later became the foundation for the personalized recommendations we see today. Reed Hastings and Mark Rudolph, the founders, had a grand vision from the start, knowing that DVDs were only temporary. They utilized the success of the DVD business to fuel the streaming service, leading to a whopping 2.6 billion dollars in profits between 2012 and 2019.
Episode 159: Happy Friday! Neal and Toby discuss the end of and era, Netflix discontinued its DVD delivery service today. Plus, OpenAI is exploring building the "iPhone of artificial intelligence'. The guys explain why Costco is the stock of the week (thank you gold bar sales) and why Ryan Cohen can't save GameStop from being the dog of the week. Also, how the global coffee shortage could impact you and the creator of the nutrition label passed away. Finally, the fake steakhouse that went viral on TikTok.
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