Polaroid Can't Compete with Digital Cameras

mobydobius was among several who noted that poloroid can't keep up in the era of digital cameras. They filed for chapter 11, and have a billion dollars of debt. This deal gets them a bit of cash, but none of this seems surprising considering the cost of their instant film. In just a few short years, digital cameras knocked 'em down. There's a lesson here, but I think it's something like "Don't eat the Yellow Snow".