thafunkyhomosapien t1_jdvf43j wrote
Reply to comment by Happy_rich_mane in Is there any way to find out what kind of subsidies/considerations Amazon received for the warehouses and half built Amazon Freshes that are sitting empty all over the state? by Happy_rich_mane
A lot of companies grew exponentially during the pandemic because of nature of the services they offered (amazon, shopping/delivery services, peloton, etc.) and for whatever reason thought that growth would continue even when the world would eventually go back to normal. They made bad decisions to expand, invest, etc. and now they're paying the price. It sucks, but what they did was super short sighted. I am no expert, but this is definitely what it seems...
Happy_rich_mane OP t1_jdvfw3e wrote
It’s exactly what happened. Short sighted indeed as these expanding companies’ CEOs went on CNBC yelling about inflation and knowing low interest money would go away soon. But for a company like Amazon tying up these properties in desirable areas is a net positive as it now bars competition from using that space and allows them to consolidate. The public will feel the most consequences.
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