3 ms·

But not unique at all : Kodak, Nokia.

• chipotle_coyote 7y ago
  The narrative around Nokia’s “demise” is kind of a half-truth. Of course Nokia would have preferred to keep being wildly successful in the mobile phone business, but their other business lines were largely still successful. I think there’s a perception that Microsoft bought everything but the name when they bought the phone division, but that’s simply not true: Microsoft bought the only major division of Nokia that was losing money! They remain one of the biggest networking equipment manufacturers in the world, with over 100,000 employees. tl;dr: I don’t think they’re very comparable to Kodak. :)
• specialp 7y ago
  This is different as those were companies left flat footed due to their massive bloat and inability to change. Sears was systematically raided for money to buy back shares, and other schemes to benefit Eddie Lampert. He is doing this with Autozone too. And has done it with other companies. It saddles the company with debt and lack of investment.