Kodak's shares jumped over 2000% in the days following the announcement, bringing the company's valuation to almost $2 billion dollars at the peak of its surge. Just the day before, it was valued at under $115 million. Since this spike, Kodak's shares had leveled out at about $15 per share, though new reports that the US Development Finance Corporation (DFC) might be reconsidering the loan has dropped the price to about $10. Kodak has been in a steep decline since the popularization of the digital camera in the late 1990s. The company filed for bankruptcy protection in 2012. In 2018, Kodak unsuccessfully tried to pivot to blockchain. In its 2019 annual report, Kodak disclosed that it "is facing liquidity challenges due to operating losses and low or negative cash flow" that, in part, "raise substantial doubt about its ability to continue as a going concern." This bleak picture continued in the first quarter of 2020 as it posted a net loss of $111 million.