GE reportedly dropping the light bulb after more than a century
After more than a century, General Electric is reportedly bidding adieu to the light bulb.
CNN reports the company is looking to get rid of its lighting division altogether -- 25 years after Thomas Edison joined forces to form GE.
Sales of light bulbs dropped by two-thirds this year alone. GE’s CEO made it clear that when it comes to light bulbs, it’s not you, it’s me.
GE’s just really focused on work right now, and since lighting generates less than 2 percent of the company’s revenue, they just can’t put in the time to make this relationship work.
And it’s not like they haven’t tried to adapt — inventing fluorescent bulbs, halogen lamps and the LED over the years.
But LED bulbs were just a band-aid, since they last a really long time.
So when is the big breakup set to happen?
Well, according to CNN, likely not until 2018 -- or possibly even 2019.