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Why haven’t any companies lost money during the pandemic?

In fact, they’ve all made a fortune. Oil companies, rental cars, hotels, airlines, and car companies, big tech, the grocery sector, Amazon, Walmart and all the usual suspects have made a fortune.

How is this possible if there is all this “inflation” and a “labor crisis?” They haven’t lost a cent. They have raised the rates on everything. And are making huge, record profits. Why don’t they pass that down to their customers and employees?

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by Anonymousreply 37January 18, 2022 12:04 PM
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by Anonymousreply 1January 11, 2022 12:38 AM
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by Anonymousreply 2January 11, 2022 12:38 AM
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by Anonymousreply 3January 11, 2022 12:39 AM

Uh, I don't know, maybe because the government gave them a shitload of money?

by Anonymousreply 4January 11, 2022 12:40 AM

It’s outrageous

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by Anonymousreply 5January 11, 2022 12:40 AM

Airlines and hotels? I thought they were losing money as no one was flying or booking rooms.

by Anonymousreply 6January 11, 2022 12:53 AM

Nobody is buying cars either supposedly but the car companies are making record profits.

by Anonymousreply 7January 11, 2022 12:55 AM

R6 the point of this thread is they are making record profits in spite of supposedly less demand.

by Anonymousreply 8January 11, 2022 12:56 AM

They’re not reallcate profits to wages for their workers unless forced. Who is going to force them? The government politicians need their money to get elected. The whole system has become an oligarchy of the 1%.

by Anonymousreply 9January 11, 2022 12:59 AM

Because the are price fixing and colluding under the cloud of the epidemic.

by Anonymousreply 10January 14, 2022 3:44 PM

Whatever happened to antitrust laws?

There is not enough competition in the markets. Too many mergers and acquisitions. Too many conglomerates contribute to this mess we are in.

by Anonymousreply 11January 14, 2022 3:45 PM

How do we explain this phenomenon that “inflation” is only affecting consumers and not business profits? Hmmmm? Answer me that?

Have you ever heard of inflation that only affects consumers? Odd, huh?

Couldn’t it be that this “inflation” is actually just price gouging from the usual suspects?

Follow the profit margins. Inflation my ass!!!

by Anonymousreply 12January 14, 2022 3:47 PM

Why haven’t any companies lost money during the pandemic?

The answer is the tie that binds all this dysfunction in America: Corporate profiteering at all costs.

by Anonymousreply 13January 14, 2022 3:49 PM

“Why haven’t any companies lost money during the pandemic?”

Doesn’t this make you scratch your head?

by Anonymousreply 14January 14, 2022 3:56 PM

All that excess cash in the economy that is driving the runaway inflation has to go somewhere. I know people are just pretending to be shocked that the cash eventually makes it to Walmart, Amazon, etc. By definition, the more the economy is over stimulated, the more money companies will make. It’s math and economics.

by Anonymousreply 15January 14, 2022 3:56 PM

Has any huge retail company gone bankrupt? They're closing a few stores here and there but they probably would have even without a pandemic.

by Anonymousreply 16January 14, 2022 3:59 PM

Has any business lost a single penny?

by Anonymousreply 17January 14, 2022 4:03 PM

[quote] Has any huge retail company gone bankrupt?

You can’t really use this as a measure because retail has felt the crunch from online sales and Amazon. Those that can’t readily adapt like Kmart/Sears and JC Penney are going under.

Even in NYC, we’re seeing long established businesses flagging or going under completely (Lord & Taylor, Brooks Brothers). Retail is changing and those not prepared to adapt will fail.

by Anonymousreply 18January 14, 2022 4:06 PM

What r15 is saying is a lie.

Somehow we are supposed to believe that inflation is causing companies to make more money but the average person to be more broke. It doesn’t work like that.

Either there is inflation, so expenses for Walmart and Amazon go up, and profits stay the same or down. Because iin a real inflation scenario, Walmart and Amazon are paying more out. So they don’t make as much profit.

But that isn’t happening.. They are just charging higher prices but their cost don’t go up. They raise they prices way over the cost of annual inflation which caused these HUGE profit margins.

This so why everything is so expensive. NOT INFLATION.

by Anonymousreply 19January 14, 2022 4:07 PM

R18 those examples were selling themselves to private equity before the pandemic.

More dishonesty and distractions.

by Anonymousreply 20January 14, 2022 4:08 PM

Car companies are selling fewer cars and making more money than ever. Does that make it more clear?

They are gouging anyone who comes within 10 Feet of the lot.

by Anonymousreply 21January 14, 2022 4:10 PM

We did. Guys couldn't cheat as easily, wifey was around too much.

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by Anonymousreply 22January 14, 2022 4:46 PM

[quote] World's largest condom-maker says condom sales

I read that and thought it was a novelty over-sized condom maker. I was wondering if it was used for bachelorette parties as a sash or hat or something.

by Anonymousreply 23January 14, 2022 10:24 PM

Many small to midsize companies went out of business.

by Anonymousreply 24January 14, 2022 10:27 PM

Why, why, why can't we be like Cuba?

Or Venezuela?

by Anonymousreply 25January 14, 2022 10:36 PM

r25, why, why, why can't we be like Norway?

Or Germany?

Or Canada?

Or Japan?

Or Belgium?

Or New Zealand?

by Anonymousreply 26January 15, 2022 3:46 AM

If there was really a labor shortage, then companies would have closed up much more than they have. Wall Street would be in free fall.

Yet companies are making a fortune. What gives?

by Anonymousreply 27January 18, 2022 9:37 AM

What are you gonna do about it? Occupy Wall Street? (Chortle).

by Anonymousreply 28January 18, 2022 10:47 AM

It seems like this time people are fed up.

by Anonymousreply 29January 18, 2022 10:49 AM

Shouldn’t they have lost even a few dollars? How did we get to the point that every business was guaranteed profits no matter what?

Who promised them they would never even suffer a single quarterly loss?

All you have to do is put your shingle out and you’re guaranteed bountiful profits for eternity? When did we make that deal?

by Anonymousreply 30January 18, 2022 11:13 AM

Most Americans with 401ks and pensions benefit when these companies make money. We should be happy about it

by Anonymousreply 31January 18, 2022 11:42 AM

The average person has been ripped off and billed for every penny amounting to much more losses than 401k gains.

And who’s to say you won’t retire during a bad couple of years? 401ks sound nice but it’s all on paper. You can use it without paying through the nose unless you’re at deaths door.

by Anonymousreply 32January 18, 2022 11:46 AM

I wish I had been born in a Scandinavian Country.

by Anonymousreply 33January 18, 2022 11:46 AM

There's a proposal to send out more stimulus cheques. Not sure anyone in Congress will back it. But there's still people out there suffering

by Anonymousreply 34January 18, 2022 11:50 AM

How about RAISES instead of stimulus.

It’s time that corporate America did its part instead of asking for handouts.

They have the money.

Give out bonuses and raises. They don’t pay taxes, this is the least they can do.

by Anonymousreply 35January 18, 2022 11:51 AM

A lot of large corporations turned down government aid even at the height of the pandemic because it had a condition. ( They weren't allowed to pay bonuses for a period). That's when I realized that all these CEOs are in it for their own wellbeing and not their employees.

by Anonymousreply 36January 18, 2022 11:52 AM

Somehow, the company a friend works for got PPP loans, but also put all their employees at part-time so the employees could get the unemployment bonus.

by Anonymousreply 37January 18, 2022 12:04 PM
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