» A sad subtext: The company that made one of the cameras that inspired Instagram’s square shape is so broke that they have to ask a court for permission to pay out bonuses to 300 key employees. Meanwhile, Instagram has right around a dozen people who are receiving cash and stock from a company likely to have the biggest IPO in history. With its direct visual inspiration struggling, Instagram is now worth 12 Kodaks. If there was a more perfect display of the concept of “creative destruction,” we haven’t seen it. (thanks Philip Bump)
» Wait wait, how sad is this? Kodak, one of the great companies of the 20th century — and probably the one most deserving of a Paul Simon tune — has been relegated to patent troll status. Kodak claims that they hold the patent to an image-preview feature commonly used in cameraphones. The company has lost half of its market value in the past year.