Re:Startups are pummeled in the ‘great unwinding’
by pmart123 on Saturday April 04, 2020 @11:06PM
(#22783433)
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.
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Re:Startups are pummeled in the ‘great unwinding’
by Zenbit_UX on Sunday April 05, 2020 @05:26PM
(#22788873)
Hilton 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.
Re:Startups are pummeled in the ‘great unwinding’
by jbverschoor on Sunday April 05, 2020 @03:57AM
(#22784393)
And they will simply continue after the bankruptcy