Kodak, once a leader in photography, failed to adapt to the digital age despite inventing the first digital camera. Missteps in innovation and leadership led to its decline.
- Kodak invented the first digital camera but chose not to market it to protect its film business.
- Kodak's failure to innovate rapidly allowed competitors like Fujifilm to overtake them.
- Kodak sold many patents to tech giants like Apple and Google during bankruptcy proceedings.
- Kodak's last profitable product line was its inkjet printers, discontinued in 2012.
- Kodak attempted to enter the cryptocurrency market twice, both times unsuccessfully.