This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Amazon vs. Netflix: Jeff Bezos Could Squash Reed Hastings Like a Bug

Simply put, I love Jeff Bezos. However, if he decides to buy Netflix, I will likely have my first "bad" thing to say about the guy. There's no sense in it. None.

Two, whether or not Bezos decides to "kick things into high gear" depends on if he thinks doing so would benefit Amazon's core businesses. While it would be fun to watch, he's not going to squash Netflix just for kicks or because he can. Everything Amazon does -- stream content, offer cloud services to consumers and the enterprise, build hardware -- gets done, in the first place, because it furthers Bezos's mission for his company.

It has nothing to do with competition against fellow giants such as Apple or Google. And it has nothing to do with a petty, but easy battle against a relative pimple such as Netflix. If it's good for Amazon, Bezos will kick the streaming wars into high gear. The move, if Bezos approves it, will benefit Amazon. In that scenario, Reed Hastings' company ends up little more than collateral damage.

-- Written by Rocco Pendola in Santa Monica, Calif.

Rocco Pendola is TheStreet's Director of Social Media. Pendola's daily contributions to TheStreet frequently appear on CNBC and at various top online properties, such as Forbes.
3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
AAPL $132.76 1.00%
AMZN $430.37 -0.29%
GOOG $541.80 -0.13%
NFLX $622.22 -0.13%
FB $80.94 0.57%


DOW 18,265.15 -20.59 -0.11%
S&P 500 2,130.63 -0.19 -0.01%
NASDAQ 5,102.7410 +11.9470 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs