You’re probably familiar with Xerox as the photocopying company. They were so influential to the industry that Xerox has become a synonym for photocopies. While this is what Xerox is most known for, Xerox’s contributions are far larger. They’ve played massive roles in the invention and development of graphical user interfaces, laser printers, computer-generated bitmap images, modern text editors, object-oriented programming, computers, laptops, and even the internet. Yet, Xerox is about to be wiped off the face of the planet. Their revenues have been consistently declining for the past 2 decades and they just became unprofitable as well. Even if Xerox is able to regain profitability in the short term, it seems like bankruptcy is inevitable for the company. This video explains how Xerox went from being a market leader and innovator to being on the doorstep of bankruptcy.
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Timestamps:
0:00 - What Happened To Xerox
2:39 - The Rise Of Xerox
5:42 - Printing Money
8:50 - The Brutal Fall
11:47 - The Fate Of Xerox
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