There was a time when having a @Polaroid was like having a new iPhone. At its peak, it controlled almost two-thirds of the instant camera market in the US.
But the digital revolution offered a new type of instant image, leaving Polaroid exposed. 👇
Edwin Land, the man behind Polaroid, wasn't thinking about instant film when he started out. It was his three-year-old daughter who inspired his groundbreaking invention after a day of taking photos on a Rolleiflex camera.
In 1947, Land revealed instant film to the world with his own self-portrait.
The following year, Polaroid launched its first instant camera and sold out in a day, even though they cost the equivalent of $1,000 today.
Over the next five years, Polaroid sold 900,000 units.
Through the 1950s and '60s, Polaroid cameras got smaller, better, and more popular.
By 1968, Polaroid's sales had reached $400 million. But Land still had his eyes on a bigger prize.
In a film, Land described his vision was to create a camera that people would always have with them. In came the SX-70.
To Land, the company had fully come of age. In the 1970s, the Polaroid camera cemented itself in popular culture, with notable figures like Andy Warhol using the devices.
As fortunes peaked in the late '70s, Land gambled doing for moving images what he had done for stills.
The gamble was Polavision, an 8 mm movie system that could produce instant moving pictures. But many were skeptical.
Polaroid sold 60,000 Polavision units before discontinuing it in 1979. A few years later, Land left the company.
Meanwhile, Kodak had released its own instant camera. Polaroid's share of the US photo market was falling.
The photo industry continued to evolve with cheaper and user-friendly products like the 35 mm film camera. Companies like Canon and Nikon were expanding in the new digital camera market.
In 2008, Polaroid announced it would stop all production of instant cameras and film.
Wholesaler Florian Kaps decided to keep operating the instant film plant as part of a new venture to keep Polaroid's instant film alive. They called it the Impossible Project.
In 2017, the Impossible Project bought what was left of Polaroid.
Today, Polaroid continues to produce iconic cameras and instant film for a generation wanting an analog experience in a digital world.
For more Rise and Fall videos, visit our YouTube page.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Today, wacky C-suite titles are all the rage. Chief amazement officers, chief heart officers, and chief empathy officers are popping up across companies. businessinsider.com/companies-inve…
Your company might operate more compassionately because it hired a chief heart officer, but at the end of the day it's still a business, and that person can still fire you, Limsky writes. businessinsider.com/companies-inve…
Remote work sparked a surge in whistleblower complaints. There's more free time, less risk, and more support to call out wrongdoing when you work from home.
@BrittaLokting explains why so many remote workers are deciding to squeal on their companies. ⬇️
In 2017, Simon Edelman blew the whistle on his former employer, the US Department of Energy, as he leaked photographs to the news site @inthesetimesmag of a meeting between the Energy Secretary Rick Perry and the CEO of one of the largest coal companies.
Data from the Yellowstone Wolf Project hints that it's just the side effect of a protozoan inhabiting our brains in a failed attempt to make more protozoa, Adam Rogers (@jetjocko) writes. ⬇️ businessinsider.com/parasite-cat-f…
Curious about what motivates a wolf to leave its pack, Kira Cassidy, a field biologist with the Yellowstone Wolf Project, and her team hypothesized that a parasitic infection was egging them along. Specifically, a microorganism called Toxoplasma gondii. businessinsider.com/parasite-cat-f…
Toxo, as it's colloquially known, reproduces in cat species but leaps to other hosts like rats, hyena, people, and wolves. Once it takes up residence in a new animal, it’s linked to weird behavior — much of it spurred by an elevated appetite for risk. businessinsider.com/parasite-cat-f…