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Genuine question: 2020 feels like the biggest shock to the economy in a while yet it was one of the best years for most big businesses. If Jeff Bezos didn't fee
by xmprt 5y ago
Genuine question: 2020 feels like the biggest shock to the economy in a while yet it was one of the best years for most big businesses. If Jeff Bezos didn't feel the shock from 2020 then when will he feel the shock?
- gruez 5y ago>2020 feels like the biggest shock to the economy in a while yet it was one of the best years for most big businesses. by what metric?
- munificent 5y agoThe millions of people who lost their jobs and had to rely on emergency cash payments from the government to pay for food and rent?
- gruez 5y agoHow does this have anything to do with the claim that it was "best years for most big businesses"? Do "most big businesses" do better when that happens?
- ironSkillet 5y agoThere were two quantified subjects in the quote you referenced - "biggest shock to economy" and "best years for most big businesses". My guess is he was replying about the first subject.
- munificent 5y agoSorry, yes, I was only replying to the first part.
- leppr 5y agoStock market valuations
- gruez 5y agoYou mean how S&P 500 was up 35% compared to the start of the pandemic? That's more of a reflection of the stock market getting inflated 35%, than the constituent companies getting 35% better.
- leppr 5y agoNot agreeing to it, but that's what media and politicians mean when they talk about "the economy".
- DevKoala 5y agoThis shock benefitted the particular industry in which he invested. A different kind of shock such a total internet meltdown for anything but basic services, would render his wealth down to just a couple billion while other billionaires would win the top position.
- karaterobot 5y agoIt should not be a shock that a company that provides a wide variety of goods delivered for relatively little money would do well during a global quarantine.