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Author Topic: Kodak shares have more than tripled since company announced its new cryptocurrency 'KodakCoin'  (Read 1604 times)

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Offline SirLinksALot

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Kodak shares have more than tripled since company announced its new cryptocurrency 'KodakCoin'
« on: January 10, 2018, 08:35:05 pm »
SOURCE: CNBC

URL: https://www.cnbc.com/2018/01/10/kodak-shares-have-more-than-tripled-since-announcing-kodakcoin.html

by Liz Moyer


Investors really love Eastman Kodak's makeover.

One day after the 130-year-old industrial company announced plans for its own cryptocurrency, shares are soaring 72 percent.

KodakCoin will roll out after an initial coin offering later this month, Kodak said Tuesday. Blockchain, the technology underpinning popular digital currencies like bitcoin, is going to be used to build KodakOne, the company's new photo rights and royalties tracking product for digital photographers. KodakCoin will be the currency used on that platform.

Kodak shares jumped more than 60 percent Wednesday and have now tripled since the announcement. The shares were around $3.13 before the announcement was put out and were last trading above $11.



It is another step in the evolution of the faded American brand, once synonymous with film cartridges, paper and camera equipment. Kodak entered bankruptcy six years ago and emerged with a new focus on digital printing and packaging. But it still struggled to regain momentum.

Like many old-line companies it has embraced cryptocurrencies and blockchain to remake its image, and time will tell whether that will stick.

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Offline thackney

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Re: Kodak shares have more than tripled since company announced its new cryptocurrency 'KodakCoin'
« Reply #1 on: January 10, 2018, 08:38:36 pm »
Marketing fumble

KodakCoin - clumsy, awkward

KodaKoin - Ad winner
« Last Edit: January 10, 2018, 08:39:02 pm by thackney »
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Offline Frank Cannon

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Re: Kodak shares have more than tripled since company announced its new cryptocurrency 'KodakCoin'
« Reply #2 on: January 10, 2018, 08:41:02 pm »
Kodakcoin? Picture that.
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Offline WingNot

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Re: Kodak shares have more than tripled since company announced its new cryptocurrency 'KodakCoin'
« Reply #3 on: January 10, 2018, 08:42:36 pm »
Quote from: Frank Cannon on January 10, 2018, 08:41:02 pm
Kodakcoin? Picture that.

They give us those nice bright colors
They give us the greens of summers
Makes you think all the world's a sunny day
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Offline Weird Tolkienish Figure

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Re: Kodak shares have more than tripled since company announced its new cryptocurrency 'KodakCoin'
« Reply #4 on: January 10, 2018, 08:44:50 pm »
Bold move for a dying company.
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Offline Frank Cannon

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Re: Kodak shares have more than tripled since company announced its new cryptocurrency 'KodakCoin'
« Reply #5 on: January 10, 2018, 08:48:05 pm »
Quote from: Weird Tolkienish Figure on January 10, 2018, 08:44:50 pm
Bold move for a dying company.

Wouldn't any movement be bold for something dying?
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Offline jmyrlefuller

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Re: Kodak shares have more than tripled since company announced its new cryptocurrency 'KodakCoin'
« Reply #6 on: January 10, 2018, 08:50:08 pm »
No word yet as to whether they're planning on investing in tulips.
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Offline WingNot

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Re: Kodak shares have more than tripled since company announced its new cryptocurrency 'KodakCoin'
« Reply #7 on: January 10, 2018, 09:01:02 pm »
Quote from: Frank Cannon on January 10, 2018, 08:48:05 pm
Wouldn't any movement be bold for something dying?

They could bring back the "Flash Cube"
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Offline Frank Cannon

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Re: Kodak shares have more than tripled since company announced its new cryptocurrency 'KodakCoin'
« Reply #8 on: January 10, 2018, 09:16:20 pm »
Quote from: Wingnut on January 10, 2018, 09:01:02 pm
They could bring back the "Flash Cube"

Those were great to put in snowballs at Eagles games to throw at the players.
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Offline thackney

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Re: Kodak shares have more than tripled since company announced its new cryptocurrency 'KodakCoin'
« Reply #9 on: January 11, 2018, 12:23:02 am »
Quote from: Wingnut on January 10, 2018, 09:01:02 pm
They could bring back the "Flash Cube"

Did you now Polaroid has become a thing again for young kids?
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Offline WingNot

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Re: Kodak shares have more than tripled since company announced its new cryptocurrency 'KodakCoin'
« Reply #10 on: January 11, 2018, 12:38:36 am »
Quote from: thackney on January 11, 2018, 12:23:02 am
Did you now Polaroid has become a thing again for young kids?

I did not know that.    Said in my best Johnny Carson voice
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