Logitech Records Drop in Shares After F710 Controller Spotted Being Used To Control Titan Submersible

The news of the Titanic submersible claiming five lives of all its passengers has been dominating headlines this past week. However, what caught many people’s attention was the revelation that the submersible responsible was being controlled by a Logitech F710 gamepad. People expressed their astonishment on social media, and these developments have had an impact on Logitech’s cash flows.

Logitech’s stock experienced a decline of 0.96 USD from Friday, June 16th, to Tuesday, June 20th, reaching a price of 55.98 USD. The lowest recorded price for Logitech’s shares occurred on Wednesday, June 21st, at 54.06 USD. According to Google Finance, Logitech’s stocks have decreased by 3.25% over the past week, equivalent to a decline of 1.87 USD per share.

Using gamepads to control vessels is common. But when news broke about the missing submersible Titan, the general public took note of what was perceived as an unusual practice of using a gamepad to control such a vessel. An earlier demonstrative video revealed that the Logitech F710 gamepad, which was launched in 2011, was being used to control the Titan. Due to the outdated nature of the controller, it didn’t take long for internet users to start attributing blame to it. Many suggested that the submersible was experimental and had a makeshift design, which could have contributed to the tragedy.

According to the latest reports, the remains of the Titan have been located, confirming the deaths of its five passengers, including OceanGate CEO Stockton Rush. It has been determined that the submersible imploded as a result of a failure in the vessel’s pressure housing. Unfortunately, this incident has had a negative impact on Logitech, albeit temporarily. Currently, Logitech’s shares are being sold at 55.59 USD, a decrease from the earlier recorded value of 58.01 USD on Friday, 16th June.