this post was submitted on 10 Aug 2023
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I remember reading about how Kodak tried to block digital cameras (even its own) so as not to compromise their own film business, only to be caught unprepared later on when the digital camera revolution came anyway and then took massive losses.
It's funny how they build the first.
Then later they almost shut down their entire consumer film production because of digital cameras. So they were right in thinking it would massively impact them, but made some very wrong choices because of it.
It's a bit like discovering electric lighting and brushing it under the carpet, since your candle factory is blooming, while thinking/hoping that no one else will ever see a future for electric lights.
It must be one of the biggest faux pas in corporate history.
If only they would've started first instead of pretending change wouldn't happen.
So suppressing the next big competing technology just put their company behind after it became ubiquitous? Is there a lesson to be learned here? I don’t have time to figure it out—somebody’s gotta mine all this coal.