Amazon almost bought Netflix in 1998— and it inspired Netflix to drop the only profitable part of its business model

In 1998, two months after Netflix was launched, cofounders Marc Randolph and Reed Hastings were called to a meeting with Jeff Bezos.

In Randolph's new book, " That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea," he describes the meeting that could have altered the fate of both companies.

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