How Hertz bounced back from bankruptcy

What was the primary reason Hertz filed for bankruptcy protection in 2020?

• An increase in new car prices

• A surge in competition from other rental companies

• A rise in fuel prices

• A significant drop in travel demand

How did retail traders influence Hertz's stock price during its bankruptcy?

• By investing in competing companies

• By buying shares through the Robinhood app

• By shorting the stock

• By selling off their shares

What event marked the recovery of leisure and travel in 2021?

• The launch of a new car rental service

• The decline in fuel prices

• The rollout of the COVID-19 vaccine

• The introduction of new travel restrictions

What was the outcome of the bidding war for Hertz?

• Hertz was acquired by a single private equity firm

• Hertz shareholders received $1 billion

• Hertz was liquidated

• Hertz was split into multiple companies

What significant deal did Hertz make after emerging from bankruptcy?

• A merger with another car rental company

• A partnership with a major airline

• An acquisition of a tech startup

• A deal to purchase 100,000 electric cars from Tesla