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ShortFormBlog: Breakdown: Instagram is now worth way more than Kodak (seriously)
- $77million earned per Instagram employee (whoa guys)
- 7,600number of current employees at Kodak, a bankrupt company which inspired Instagram’s style
- 13number of current employees at Instagram, which started in 2010 and was iPhone-only until last week source
» A sad subtext: The company that made one of the cameras that inspired Instagram’s square shape is so broke that they have to ask a court for permission to pay out bonuses to 300 key employees. Meanwhile, Instagram has right around a dozen people who are receiving cash and stock from a company likely to have the biggest IPO in history. With its direct visual inspiration struggling, Instagram is now worth 12 Kodaks. If there was a more perfect display of the concept of “creative destruction,” we haven’t seen it. (thanks Philip Bump)
Sometimes the interwebs make me really sad.you guys this is soooo depressing. :( Being from Rochester this hurts even more. George Eastman was a tinkerer and inventor and above all an INNOVATOR. He would have been so disappointed to see Kodak today.
Posted on April 9, 2012 via ShortFormBlog with 101 notes
Source: shortformblog
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viewparadise reblogged this from quantumstarlight and added:
And technology marches on. One of the things I miss about film cameras is the smell of film itself. I don’t know how to...
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owenshill reblogged this from shortformblog and added:
Wow. Just wow.
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bilt2tumble reblogged this from shortformblog and added:
Progress? Meh. More like, simply ‘change’. One...other, inevitable.
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waisted reblogged this from adhesiveproduct and added:
well now i feel guilty.
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stipley reblogged this from thetenssf and added:
This is sad
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ghostofatotalstranger reblogged this from shortformblog and added:
this is sad
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usualchatter reblogged this from shortformblog and added:
Woah. I never thought of it this way.
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sandstep reblogged this from shortformblog and added:
:’(
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