The United States Postal Service has posted multi-billion dollar losses since 2007. Snail mail is becoming technologically irrelevant just as the telegraph surpassed The Pony Express. Mail has decreased 47% since 2001 and with serious budget shortfalls the USPS could be nearing extinction. In other news, Kodak is also close to facing bankruptcy problems and has brought in outside help to restructure the company. The 131-year old staple in consumer electronics saw its shares drop 54% on Friday. With point-and-shoot cameras being replaced by mobile phones, Kodak will have to reinvent its product lines. And finally, market research firm iSuppli found that Amazon’s Kindle Fire costs the company about $210 to manufacture. While this loses Amazon $10 per device, the lose money to make money model is definitely going to net them future profit in content sales.
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