Twitter | Search | |
Rohit Chopra Mar 24
Small business in America is facing extinction. COVID19 has put them in peril. But it’s the predatory fallout that could wipe them out for good. Here are three existential threats they face:
Reply Retweet Like
Rohit Chopra Mar 24
Replying to @chopraftc
1. Loan sharks are crippling cash-strapped companies. Their poison pill loans come with exorbitant rates, draconian terms, and an automatic green light to collect whatever they can when a company falls short.
Reply Retweet Like
Rohit Chopra
2. Powerful firms are using supply chain disruptions to cut off small companies that depend on them – a blow that many will not survive.
Sellers are worried their businesses will be hit hard by Amazon's decision to restrict warehouse shipments.
CNBC CNBC @CNBC
Reply Retweet Like More
Rohit Chopra Mar 24
Replying to @chopraftc
3. Vulture investors, especially in private equity, are waiting in the wings to scoop up scores of struggling businesses on the cheap through "roll-up" deals. They can then extract cash by saddling companies with debt and kicking workers to the curb.
Reply Retweet Like
Rohit Chopra Mar 24
Replying to @chopraftc
Small businesses shouldn't go extinct. We need to preserve them by throwing them a lifeline to stay afloat and by policing against shameless shakedowns during our national emergency.
Reply Retweet Like
Brian Huseman Mar 24
Replying to @chopraftc
, Given the urgent need, we prioritized capacity to respond to increased demand of household staples & medical supplies so we could more quickly restock and deliver them to customers. This is temporary and applies equally to Amazon’s retail business and small sellers.
Reply Retweet Like
BTresale Mar 25
Replying to @chopraftc
Breaking up Amazon is long past due. They can be a reseller or a platform, not both
Reply Retweet Like