Mashable:

Kodak has finally formalized what had been expected for years — it’s gone bankrupt. In the past 15 years, digital technology changed photography dramatically, and Kodak, a former heavyweight in the analog film business, got left behind.In fact, Kodak missed the boat on digital not once, but at least three times. Besides never capitalizing on the digital-camera tech it helped create, Kodak also gravely misunderstood the new ways consumers wanted to interact with their photos, the technologies involved, and the market forces surrounding them.

It’s sad how a company that once represented photography to so many of us and helped just as many capture important moments may end up in the dustbin of history. And worse because it seems like it was their own fault.