PetaPixel

Kodak Is Disappearing Before Our Eyes

Kodak’s stock plummeted again today, losing nearly 50% of its value and closing at $0.78 per share. The company was worth over $30 billion back in 1997, but todays stock price pegs the value at just $200 million. Prominent investors in the company are calling for its sale, but apparently there’s been hurdles in selling off its patent portfolio, and now bankruptcy might be on the horizon. A quote by a company spokesperson a couple days ago caught my eye: when asked why Kodak was struggling in the digital market, the response was,

We have one of the leading digital camera line-ups, including top-selling pocket video cameras with differentiated features, and a wide range of digital cameras that feature the unique “Share” button.

That kind of explains things, doesn’t it? The end appears to be very near…