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Did You Know?

Posted 10/29/26

In this edition, we talk colossal financial blunders. Did you know Kodak invented the digital camera in 1975, but the company ditched the plan for production. The result: Kodak went bankrupt in 2012. …

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Did You Know?


Posted

In this edition, we talk colossal financial blunders. Did you know Kodak invented the digital camera in 1975, but the company ditched the plan for production. The result: Kodak went bankrupt in 2012. Also, McDonald’s ignored the “healthier food” trend in the early 2000s, and it cost them $1 billion in sales. Yahoo had the option to purchase Google for $1 million in 1998, but it turned it down. Now Google is worth $1.8 trillion. Decca Records turned down a British band in 1962 because it felt guitar bands were on the way out. The Beatles went on to sell an estimated 1 billion records with a different label. And finally, Nokia ignored the iPhone because it believed nobody wanted to use a touchscreen. The company went on to lose $74 billion in market value.