Discussions on Reddit about Eastman Kodak Company (KODK) have been focused on the company's historical missteps and management decisions that contributed to its decline. Users have been reflecting on Kodak's past, particularly its failure to capitalize on digital technology despite pioneering it. One user noted, "Kodak would have taken over the digital world, if not for the film, paper, and processing old guard." Another user highlighted the company's lavish spending and poor management decisions, saying, "The stuff we heard about from management was crazy. 2 private jets, and our own hanger over at the airport." These discussions underscore a sentiment that Kodak's management was more focused on short-term stock price boosts rather than long-term innovation and sustainability.
The Reddit community also delved into Kodak's strategic errors, such as the decision to stick with film despite inventing the digital camera. A user commented, "If Kodak fully fostered and grew digital camera technology back when they invented it, it would have killed them sooner." This sentiment was echoed by another user who mentioned, "They just kept expanding in too many stupid directions. Pharmaceuticals? Copiers?" The discussions reflect a broader critique of Kodak's inability to adapt to changing market dynamics and technological advancements.
As of the latest trading session, Eastman Kodak Company (KODK) is priced at $6.87, reflecting a slight decrease of 1.29% from the previous close.