Lazarus companies on the rise

The pandemic hit thousands of firms across the country, especially those in the service sector. Hertz filed for bankruptcy and Airbnb laid off a quarter of its employees. So how were these companies able to thrive after knocking on death’s door?Axios Re:Cap talks with Axios’ chief financial correspondent and author of the weekly Axios Capital newsletter Felix Salmon on the “lazarus” companies of the pandemic-era.