I think you still can find functioning Blatthaller (the first commercial ribbon speakers) built in the 1930's. Ribbon microphones from the 40's and 50's not only still work, but are highly prized by recording engineers.
There are ribbons, and there are ribbons. Our planar magnetics have proven rugged, reliable and long-lived, 12 years into switching over to this type of transducer. I'll report back in another 10 years if anything changes.