The 25 Biggest Tech Fails of 2012

18. Kodak Files for Bankruptcy

Date: 1/19/2012

With crushing debts totaling $6.75 billion, the storied pillar of the photography industry and one of the company's Steve Jobs admired filed for bankruptcy at the beginning of 2012. The company has been losing money for the better part of the 2000s. The last time it turned a profit was in 2004. Despite being one of the pioneers of digital photography, the company founded by George Eastman in 1888 was unable to keep pace. Earlier this week, Kodak sold the majority of its patents to Apple, Google, Facebook, and Amazon for $525 million. A drop in the bucket for the ailing company.

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