Napstered
when an old and arrogant company or industry rails against new technology because they are afraid of change and lost profits and then loses market share or goes bankrupt because of their att-tude.
a reference to the 1999 napster snafu, in which illegally downloaded music brought the music industry to its knees and forever changed its face. smart companies that saw the opportunity for profit in the new filesharing were not napstered.
“these crazy book publishers are about to get napstered if they don’t start selling ebooks for reasonable prices.”
“we own the market now, and our old compet-tion got napstered when they wasted all their energy fighting change.”
“apple is a company that saw an opportunity and took it. too bad everyone else just got napstered.”
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