ST Alpha - "AP finds that 65 publicly traded companies got 365M in small business stimulus funds -- (link)" (Reading a Post)

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AP finds that 65 publicly traded companies got 365M in small business stimulus funds -- (link)

Posted by zeitgeist Apr 22 '20, 16:52

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https://twitter.com/AP/status/1252624411431141378 (twitter.com)

Responses:

big companies franchise, subcontract to local partnerships, who contract to 3rd parties to staff, so even though they wear MEGA shirts, its small biz -- nm - zeitgeist Apr 22, 18:27 1
- local case, Amazon Prime van crashes into family car, there's 3 layers of subcontract/3rd party vendor and independent gig driver.... -- nm - zeitgeist Apr 22, 18:28
Misused math annoys me. Loan amounts were calculated on employee salaries, not company value. - Max Apr 22, 17:08 4
- I think the biggest gripe people have it that you aren't small if you are publicly traded -- nm - ty97 Apr 22, 17:25 3
  - Maybe Jack could weigh in but if a publicly traded company applied for the loan and certified they were eligible when they were not, they'd be - Max Apr 22, 17:37 2
    - Not claiming they were ineligible, but why were they eligible? -- nm - ty97 Apr 22, 17:39 1
      - It's possible that franchise owners misinterpreted the guidance and just applied based on size without confirming ownership rules. -- (edited) - Max Apr 22, 17:58

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