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At the height of its power, the photography company Kodak employed more than 14,000 people and was worth $28 billion.  But today Kodak is bankrupt, and the new face of digital photography has become Instagram. When Instagram was sold to Facebook for a billion dollars in 2012, it employed only 13 people.

via Jaron Lanier: The Internet destroyed the middle class –

Interview via WPR Best of our Knowledge podcast is here