Mashape Blog

Rumors aboard Mashape's spaceship

Augusto Marietti
In January, the long time leader in the photo/camera industry filled for Chapter 11 and is shutting down many divisions to stay afloat for the bankruptcy. It’s even selling more than 1,100 digital image patents to cover their continuous quarterly loss. The company has around $5.1 billion in assets but $6.8 billion in debt. Yes, Eastman Kodak, the company that has invented the digital camera and handheld camera (among other things), files for bankruptcy after having innovated for more than 130 years. The company has been struggling recently, unable to adapt to an increasingly digital world. Since 2003, it has…