The company is selling assets, laying off remaining employees.

Hyperloop One to Shut Down After Failing to Reinvent Transit::The company is selling assets, laying off remaining employees.

  • aesthelete@lemmy.worldEnglish
    42·
    1 year ago

    It was so obvious that this wouldn’t work that even Elon Musk didn’t want to have anything to do with it besides posting his brainfart on the Internet for the whole world to smell.

    • dustyData@lemmy.worldEnglish
      69·
      1 year ago

      He admitted on record that he only spouted that bullshit to counter a bid for high speed transit in California. He was never interested in the slightest to ever pursue that idea in good faith. It worked, the project was canned to invest in Hyperloop and now US transit will continue to be shit because one douche bag with more money than sense opened his pie hole. And apparently US politics listens exclusively to people with more money than the average country’s budget.

      • Aleric@lemmy.worldEnglish
        21·
        1 year ago

        So just a continuation of the motor vehicle industry sabotaging public transportation so people have to buy more vehicles.

        Capitalist ‘innovation’ at its finest!

      • aesthelete@lemmy.worldEnglish
        19·
        1 year ago

        And apparently US politics listens exclusively to people with more money than the average country’s budget.

        …even if they (the government that is) gave him a large portion of that money.