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OceanGate suspends operations after Titan submersible implosion
(www.theguardian.com)
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this post was submitted on 06 Jul 2023
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Either they are suspending operations until they are out of the press spotlight, until they find a new CEO to take over, or until everyone in the company starts a new company doing the same thing under a different company name.
Do I feel bad for those who worked there? Maybe, most of them chose to work at that company and continued to let the CEO continue on, but everyone has to make money somehow.
Nah.
There are only a couple of companies worldwide that build submersibles.
There are a few that build deep sea submersibles, and a few that build tourist submersibles, but this was the only company in the world to try and build tourist deep sea submersibles - and the only one they ever built imploded.
It took them 13 years to get to this point, with every other company warning them that their approach didn't work and was dangerous. Their sub imploding only confirmed everybody's suspicions.
Nobody is simply going to pick up where they left off using their approach.
So much for "innovation!"