The evolutionary process in technology follows the same "survival of the fittest" notion. The biggest, innovative, and convenient technology thrives, gets bigger by eschewing the technology at the lower rung of the technology food chain. But ironically, as the cycle of evolution continues, they succumb to the same fate by other technologies. Blockbuster, a venerable and famously popular video store, filed for chapter 11 protection. The competition from NetFlix, The Red Box, and video streaming services claimed the fate of Blockbuster.
Saturday, September 25, 2010
(Un)Survival of the Fittest: the demise of Blockbuster
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