Well, yes, that's about right. Only he didn't have a good idea, he stole the idea from a bunch of other companies already doing it. Then he rode his money on the backs of those other companies with his phony 'partnering' with Circuit city, which, at that time was already in the throes of financial turbulence. The shelf space was nothing more than vendor rentals of the cheapest and least committed kind. One big facade.
And the rotten pumper clowns on this board kept telling people to buy phlemings scam stock instead of NETFLIX...!!
phleming didn't blow anything, that's where you're wrong, he knew what he was doing all along. And he's still doing it to this day. I'm almost positive he and moskimoron were email pals.
Actually running a business was too much work for phleming.