In the specific case of Theranos I'd agree, but almost everywhere else it's exactly the opposite. If a company's services are irreplaceable they likely wouldn't

In the specific case of Theranos I'd agree, but almost everywhere else it's exactly the opposite. If a company's services are irreplaceable they likely wouldn't be going out of business, so going out of business means there are better alternatives. Again Theranos is unique: The product they served may have costed customers dearly either financially or worse.