Tuesday, June 9, 2020

While most companies need stimulus checks, COVID-19 is a boon to some companies

Cheyenne Carr
Staff Writer

The entire country is shut down. It seems that every business besides grocery stores and pharmacies are closed due to this pandemic. It seems to be that everyone is losing money from this.
  Well, not everyone.
  Netflix is a streaming service that people pay monthly to be able to watch all different kinds of movies and tv shows. Well, everyone is at home with nothing to do. Why not catch up on your movie and TV watching. It seems everyone has turned to Netflix and many newcomers have been subscribing to Netflix to be able to watch what they want. Netflix has scored big hits like Tiger King and is making more money because of this. The stock has jumped almost 100 points since the middle of March.
  Netflix isn’t the only company that’s making money. Amazon is also making a killing. Those workers have been working like crazy to get shipments out. No one is allowed to go shopping at stores let alone anywhere. People are sitting at home with nothing to do and eager to get out and go shopping for what they need. Amazon seems to be the perfect thing right now. It has everything and is very convenient. People also don’t have another option as to where to they can go to purchase what they need aside from a grocery store.
  The company who seems to be making the most money is Clorox. Its stock is up 25% this year. Everyone is scared to touch anything and everyone is cleaning everything in their house. They have nothing to do, and they are now feeling like they need to always clean everything. Those Clorox products just have been selling like crazy. You can never seem to find them in stores right now. Many businesses are struggling from this situation, but it’s not every company.