Hackers Hit Sony

Hackers broke into the PlayStation Network in early April stealing the information of 77 million users.  The system was shut down for a week on April 19 and users were recently informed that their data could have been stolen.  Credit card lenders may be forking over $300 million worth of replacements if the customers decide to replace their cards.  Customers will be less likely to use a card that their identity was taken from, which might persuade them to switch.

This comes as a shock to me that people can hack into such a big system.  It's probably not going to be good for Sony's business as well as the credit card companies'.  Hopefully everyone doesn't freak out about this and start canceling their credit cards and throwing their PlayStations away!

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Blockbuster=Bust

Blockbuster was recently auctioned off for $321 million after it went bankrupt last year.  The highest bidder was Dish Network, third largest satellite group in the U.S.  Dish plans to expand Blockbuster's internet streaming business and use some of the stores to sell satellite dishes.  They are still unsure what is to become of Blockbuster's DVD rental business.

I figured the rental business was suffering, but I didn't know it was this bad.  It seems like Redboxes are popping up everywhere lately.  I'm also not sure what Dish plans to accomplish by buying Blockbuster.  Satellite TV and DVD rentals are two totally different things in my point of view.  Hopefully we will be hearing more about it in the future.

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