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by bawolff
303 days ago
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> - 2010s: Kodak tried to become a Blockchain company, issuing KodakCoin. It was a flop. Its hard not to laugh at that. At least the pivots before that point kind of made sense. I guess 2010 came along and the executives just decided to yolo. |
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But was this even a real pivot? They "rented" out their name to a company with an already failed crypto coin project, who thought they'll make it if they use a bigger brand. A pivot implies some effort to change the business model, not just literally throwing your name out there and hoping money follows.