And while Biden's proposed corporate tax hike and the possibility of another stimulus package remain hot topics in the corporate world, another concern has bloomed: the possibility of civil unrest, regardless of the winning presidential candidate.
During the company's earnings call on Monday, Schulman told investors that while "virus numbers, lockdowns ... probably have the benefit of helping us as more people are at home, spending online," they must grapple with uncertainties such as, "what is consumer confidence is going to look like, what's the economy due to stimulus payments, what's the holiday shopping season going to look like, we've got an election coming up tomorrow, potential social unrest.
"That wider range to us does nothing to take away from the strength we see in the business, but we thought it was the right thing to do," Schulman said in the call. "Companies like ours need to go well beyond what we've done before," Zuckerberg said in the company's third-quarter earnings call. "That's why we've taken additional steps to help people register to vote however they're comfortable, to clear up confusion about how this election will work, and reduce the chance of uncertainty and unrest."
What’s interesting is that depending on who wins pushes businesses to make completely different sourcing and production decisions.
Hey, if they voted for Biden then it sucks to be them......
More good news please(((
Wear your masks (unless talking to crowds of course)