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News@lemmy.world · 1 year ago

After $700 Million U.S. Bailout, Trucking Firm Is Shutting Down

www.nytimes.com

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After $700 Million U.S. Bailout, Trucking Firm Is Shutting Down

www.nytimes.com

fne8w2ah@lemmy.world to

News@lemmy.world · 1 year ago

Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs.

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1 year ago
If a business is too big to fail, the FTC wasn’t doing its job (i.e., enforcing antitrust law) to begin with.
- Buelldozer@lemmy.world
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  Oh man I wish more people thought like that! Too Big to Fail = Too Big to Exist.

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