Small businesses are responsible for about half of U.S. employment, half of gross domestic product, and 40% of total business revenue. They are key to recovery but investors have largely discounted the threat their struggles pose for the broader economy.
Imagine this: the year is 2013. You've got 25 billion dollars you'd like to flush down the toilet, but your personal commode simply can't handle an entire cargo plane full of 100-dollar bills. Luckily for you, Uber is there.
If your business model is to corral the largest possible herd of unicorns and make them run up the hill as fast as possible, a lot of them are going to fall into a ravine, that is just a basic theorem of Finance 101.
Customers trying to avoid online delivery platforms like Grubhub by calling restaurants directly might be dialing phone numbers generated and advertised by those very platforms — for which restaurants are charged fees that can sometimes exceed the income the order generates.
Food waste might seem like an odd problem to have during a pandemic, but the shuttering of restaurants, arenas, schools, and other public institutions has created a glut of fresh produce stuck on farms with no buyers.
The economy is in free fall but Wall Street is thriving and stocks of big private equity firms are soaring dramatically higher. That tells you who investors think is the real beneficiary of the federal government's massive rescue efforts.
Because Disney is in so many businesses — theme parks, hotels and resorts, cruises, movies, television, streaming, retail — it will provide a nice case study of whether the coronavirus "changes everything" in the long run.
As the pandemic squeezes big companies, executives are making decisions about who will bear the brunt of the sacrifices. In many cases, workers have been the first to lose even as shareholders continue to collect.