`` They think you take pictures with a phone . '' Kodak , longtime photography giant , filed for bankruptcy Thursday . The company said it would close all of its remaining stores and lay off about 10,000 employees in the U.S. Digital has taken over ; Kodak has n't been able to compete . Company was pioneer in advertising , particularly in evoking nostalgia .
Kodak , longtime photography giant , filed for bankruptcy Thursday . The company said it would close all of its remaining stores and lay off about 10,000 employees in the U.S. Digital has taken over ; Kodak has n't been able to compete . Company was pioneer in advertising , particularly in evoking nostalgia .