Who knew? Someone, clearly. Bit early.
Meanwhile in other ups:
https://youtu.be/k001JX-D-dA BITCOIN PUMP IT UP↑
(sorry for Roger bit at end
)kodak is such a textbook example of what happens to you when you don´t take the power of digitization serious enough. kodak was the global king of photography, ruling this industry for more than a century. which in itself is noteworthy considering that photography for the masses was only invented some 130 years ago (by kodak). kodak was globally so dominant for so long, no fucking one could have ever imagined this could ever change. they themselves invented digital photography, but were ignorant enough to not see the disruptive potential of their very own invention. the sad, fast and merciless crash of this behemoth has some netflix series potential.
sending a "high quality" picture of your kid to grandmother:
analog: you buy a kodak film and put it in your camera, take the pic (and 35 more). you take the film out of your camera and bring it to a camera shop in person. the shop sends it to a kodak lab (didn´t have to be kodak, there were free labs and other competition) via mail. the processed film then gets send back to the shop where you can pick it up and try to identify on a dark brownish negative film strip which pic is the best for your grandma. you then tell the shop you want pic number 17 as a print. the shop sends the negative again via mail to a lab that does the printing. the lab sends the print back to the shop and a few days later you can finally get the pic from the shop by visiting them the third time in person. now you need to get an envelope and send the pic to your grandmother (if she is still alive) via regular mail.
digitally: you take your mobile phone, take a pic of your kid and send it to your grandmother a few seconds later.
the behemoth didn´t see this coming. banks are behemoths like kodak. they ruled money transactions for 500 years. most people think it is the only way of sending money, the "natural" way. because it always has been like this.
edited
...but didn't kodak get into Bitcoin mining?
I looked at the chart today and LOL'd. NICE pump!!
Careful 600watt or you'll become our inverse indicator
edit: OIC Kodak just got a gov't bailout via huge loan to create a Covid vaccine.
I don’t often write about the history of formerly dominant companies. But if I do, the shares of the mentioned corporation 10 fold that same day.
Shows you how many investors world wide hang on our lips. WO rulez!
