5 ms·
I'm not sure I buy this. 80-90% revenue declines across many industries is unprecedented. Especially in cases where poor operations didn't impact the business.
by pmart123 7y ago
I'm not sure I buy this. 80-90% revenue declines across many industries is unprecedented. Especially in cases where poor operations didn't impact the business. Businesses like Hilton or Disney that have operated for 100 years may go bankrupt (not out of business) before this is all over.
- jbverschoor 7y agoAnd they will simply continue after the bankruptcy
- pmart123 7y agoYes, I mentioned this. I’m just saying that a large drop in revenue right now doesn’t necessary correlate with a product that people generally want or is useful.
- Zenbit_UX 7y agoHilton may go bankrupt but Disney won't, they've been quite successful at diversifying their portfolio and I'm sure their streaming service is doing quite well. They recently announced that at least one of their upcoming movies will skip theatres and go directly to their streaming service, while others theatrical releases are being pushed back. This allows certain parts of their business empire to fund the less performant ones e.g. adventure parks. Hilton has no such option, they're quite invested in the hospitality industry which leaves very little room for pivoting.