rolltack
What investors should be concerned about is the reputational risk and loss of business to competitors that are able demonstrate more transparent and secure practices.
Maybe laws for monopolies, but not for competitive markets where consumers have choice to shop around.
For a competing business these dumps are a powerful marketing tool. It’s a direct client list. They just have to be able to show that their security is better.
Laws would make things so much worse for everyone. The key is to keep hacking away at all systems. Break things apart and build them back together. And win customers by showing that you can!
Getting stuck on one of these decrepit beasts in gnarly weather could be fun.
I figure those guys would have more fun on a sailboat surfing through waves.
Plus the mainland is always within reach and there are so many places to visit.
In response to slv77:
The bankruptcy means (1) demand has substantially decreased for shipping services, or (2) large established shipping companies are not lean enough to survive and losing market share.
In no way could this accelerate losses for 'small players'. In fact, this should grow their business. I also have no idea what this vicious loop is you are talking about.
Shipping costs may go up slightly, but it will likely already be priced into current the market.
I think this is not as big of a deal as the article is making it out to be.