Posted: October 1st, 2020
By: R. Daniel Johnson
There is no question that the Coronavirus pandemic has and will continue to drastically alter the business world. Even in this uncertainty, some companies are experiencing more confidence and profits than ever before. Amazon has gained over $570 Billion in market capitalization this year. Its stock has risen 63.3 percent and is now trading for $3,000 a share. Clorox has experienced organic sales growth of over 24 percent. Peloton reported revenue growth of 77 percent. But these success stories are few and far between as CNBC has reported that over 7.5 Million companies are at risk of closing their doors every day. Despite the looming closure that many companies are facing due to the pandemic, some companies have thrived. The massive success of these companies have led many to fear monopolization and antitrust issues.