Kodak Says It May Have to Close Up Shop

Kodak, the iconic camera and photography company, has warned investors that it may have to shut down its operations due to financial difficulties. The 133-year-old company has reported substantial doubt over its ability to continue as a going concern. The company's struggles have been ongoing, with the rise of digital photography and the decline of traditional film-based cameras. Kodak has been working to transform its business, but the transition has been challenging, and the company has faced significant financial challenges. The company's warning comes as it continues to explore strategic alternatives, including the potential sale of its business units or assets. Kodak has stated that it is working to secure additional financing and explore options to address its liquidity issues. The potential closure of Kodak would be a significant blow to the photography industry, which has been undergoing a major transformation in recent years. The company's iconic brand and its contributions to the industry have been significant, and its potential closure would mark the end of an era.