Thu.Jul 07, 2011

Eric Jacobson

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Will You Be The Next Blockbuster, Borders, CDs or Mail?

Eric Jacobson

Perhaps you saw the July 4th issue Fortune magazine article about how digital companies are so big and growing so fast, that they are obliterating old brick-and-mortar businesses. Fortune reported that: The U.S Postal Service is on track to lose $6 billion this year. Cellphone text messages sent are up 1,200,243% from 2000. Netflix sales are up 43,101% from 1999 versus Blockbuster' s drop of 29% in sales during the same period.