Polaroid,founded in 1937,produced the first instant camera in the late 1940s.The Polaroid camera,whose pictures developed themselves,was one of the most exciting technological advances the photography industry had ever seen.The company eventually went public,becoming one of Wall Street's most prominent enterprises,with its stock trading above US$60 a share in 1997.In 2002,the stock dropped to 8 cents and the company declared bankruptcy.This is an example of:
A)Digital Darwinism.
B)Increased richness.
C)Business 2.0.
D)None of these.

Question

Quizplus · Accepted Answer

Polaroid's bankruptcy can be attributed to digital Darwinism, which refers to the phenomenon in which businesses or industries that fail to adapt to technological advancements are unable to survive. In Polaroid's case, the company failed to successfully transition to the digital age, which ultimately led to their downfall.

Polaroid,founded in 1937,produced the First Instant Camera in the Late