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The Polaroid Corporation files for federal bankruptcy protection.
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Polaroid Corporation
Defunct American film and camera company (1937–2002)
Polaroid Corporation was an American company that made instant film and cameras, which survives as a brand for consumer electronics. The company was founded in 1937 by Edwin H. Land, to exploit his Polaroid polarizing polymer. Land and Polaroid created the first instant camera,…Source: Wikipedia (CC BY-SA)