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Hyperloop One to Shut Down After Failing to Reinvent Transit (www.bloomberg.com)

submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world

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

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[–] Red_October@lemmy.world 66 points 11 months ago (2 children)

No way, you mean this insane nonsense that was obviously never going to work isn't going to work after all? Damn.

[–] eldain@feddit.nl 12 points 10 months ago (1 children)

I'm impressed they could get their momentum going for so long, they were able to burn so much money and only now are investors pulling out? That was a serious hype train! Even if it was meant as lobby sponsoring against standard high speed rail, holy cow what a waste!

[–] Allero@lemmy.today 3 points 10 months ago* (last edited 10 months ago)

Hey, at least this time it really was a hype train /j

[–] T00l_shed@lemmy.world 1 points 11 months ago

Colour me shocked.