Kodak is more or less on a slow slide towards annihilation at this point. They’ve got no worthwhile foothold on the digital photography slope, and nobody buys film — not that they even make the film once prized by photographers across the world. And now a share of their stock is worth $US1.74, on the same day Tumblr’s received a scalding hot injection of $US85 million in venture capital cash, owing mostly to its ability to quickly spread animal memes and Rebecca Black GIFs. There’s no use mourning obsolescence, but sometimes the shifting of money from one place to another makes me want to frown. [Dennis Berman]
Photo: Nesster
Osiris Fox
Tuesday, September 27, 2011 at 11:34 AMIt’s a fu****n disgrace that a REAL businesses that manufactures physical things can be worth less than a thin air “IP” business. What a mad world we live in all because of advertising and farming the sheeple.
Ozoneocean
Tuesday, September 27, 2011 at 3:48 PMYeah, this just points out the idiocy of the market and the very reason the world is is the state that it is currently- we’ve learned nothing from the tech lead failure of the late 90′s and even less from the fall on 29′… We let morons decide the “worth” of things based purely on speculation and imagination.
adam
Wednesday, September 28, 2011 at 10:03 PMyou do realize that kodak has gone down in value since they dramaticaly reduced the amount of physical film and photo paper they produce, seeing as lots of people now use digital cameras. A company is bound to go down in value if their major seller is a non-reusable product (in this case photographic film), and said product has become obsolite due to being replaced by an unlimited use equivelant.