Why it's stupid for Netflix to focus on competition at home

Reblogged from VentureBeat:

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With increases in revenue and higher than expected subscriber growth, video rental service Netflix is once again the darling investment among Wall Street analysts (for the most part). However, not all the comments from Wednesday's fourth quarter earnings results were positive.

Netflix warned of increasing competition against its domestic streaming service, while celebrating its shrinking DVD-by-mail business -- two subjects analysts spend far too much time obsessing over.

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