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But we saved everything 🙂.
Dave Collum: Small businesses lost customers to major chains in hostile shift
Dave Collum, professor / financial commentator at Cornell University (Emeritus), comments that the closure of two million mom-and-pop companies forced customers to turn to larger surviving chains.
The loss of options such as local diners has consolidated consumer spending at national brands like Chipotle, McDonald's, and particularly Amazon. Collum characterizes this as a "hostile takeover," highlighting a major shift in the retail and restaurant landscape.
Collum has also commented on markets outside retail and restaurants. He recently noted that bitcoin is sitting at a crucial technical level with potential for a significant price move. In a separate observation, he reacted to Jensen Huang's appearance on Yahoo Finance as gold prices fell 2 percent.
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