2:25 am eastern
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8– The luxury industry of the world has collapsed

9 - Nike has a total of $23 billion to prepare for the second phase of layoffs

10– Gold's gym filed for bankruptcy

11 – The AirBnb founder said that 12 years of effort was wiped out in 6 weeks due to the pandemic

12– Even Starbucks announced it would permanently close its 400 stores

13– WeWork isn't in a good position either

14- Nissan Motor Co. could close in the US

15– The largest car rental company (Hertz) filed for bankruptcy – it also owns Thrifty and Dollar

16– The largest trucking company (Comcar) filed for bankruptcy – it has 4000 trucks

17- Oldest retail company (JC Penny) filed for bankruptcy - to be taken over by Amazon for pennies

18 – The world's largest investor (Warren Buffet) has lost $50 billion in the last two months

19 - The world's largest investment firm (BlackRock) is signaling disaster for the global economy - over $7 trillion under management.

20 – The largest mall in America (Mall of America) has stopped making mortgage payments.

21- The most prestigious airline (Emirates) laid off 30% of the workers.

22 – The US Treasury is printing trillions to keep the economy afloat.

23– Estimated number of retail stores to close in 2023 – 12,000 to 15,000.

https://twitter.com/snaptwiceontw/status/1683362714440065026?s=46&t=ZbjN8964Zdbu2Zmz1uxmRg