"The impact of the crisis on companies like Amazon is actually a little bit of short-term negative because they're spending a lot of money managing through this, but it's long-term hugely beneficial to the company," the Pershing Square boss said.
To the extent the market's strength reflects their prospects, that "doesn't seem wrong to me," he added.
For example, consumers are buying more things online and businesses are relying on video streaming, mobile apps, cloud hosting, and other virtual tools to function.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Uhhhh, not if ppl remain unemployed. BA laying off & saying more to come, retail biz shuttering or significant downsizing, airlines just waiting for September to start layoffs. I think he may be a few years too early on this call.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Congress shifts attention to overhauling small-business aidCongress is shifting its attention to a more modest overhaul of small business coronavirus aid, although it remains deadlocked on a larger relief bill. 🙏🏽 This WOMEM is a joke SpeakerPelosi
Source: ABC - 🏆 471. / 51 Read more »
Eventbrite CEO on how the coronavirus pandemic is changing live events - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Best coronavirus tests, according to a hospital lab director - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
What managers must do to be confident leaders during the coronavirus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Stay at home and earn massively contact me on how to get started
Source: BusinessInsider - 🏆 729. / 51 Read more »