Amazon: profit up 100%
Walmart: profit up 80%
Target: profit up 80%
Lowe's: profit up 74%
Microsoft, Facebook, Apple, Google: stock at record high
Small businesses: 21% closed; revenue for rest down 30%
We're seeing a monumental wealth transfer from mom & pops to conglomerates.
Walmart: profit up 80%
Target: profit up 80%
Lowe's: profit up 74%
Microsoft, Facebook, Apple, Google: stock at record high
Small businesses: 21% closed; revenue for rest down 30%
We're seeing a monumental wealth transfer from mom & pops to conglomerates.
My company processes small business payments. In 2008 - the worst recession in 80 years - small biz revenues fell 20%. Now they're down 30%.
Meanwhile, the stock market is at a record high.
So the biggest corporations are in a record boom and small biz are in a record free fall
Meanwhile, the stock market is at a record high.
So the biggest corporations are in a record boom and small biz are in a record free fall
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