What was the main reason for Polaroid's bankruptcy in 2001?
Digital photography
Poor management
Economic recession
Lawsuits
Answer
The main reason for Polaroid's bankruptcy in 2001 was the rise of digital photography. As digital cameras became more popular and affordable, the demand for instant film cameras and film declined, leading to financial difficulties for Polaroid.
Picture Perfect: The Ultimate Polaroid Corporation Trivia Challenge!
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