7 Best Christmas Tree Stands in 2022

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Believe it or not, a Christmas tree won't stay upright on its own. Instead, you need a stable Christmas tree stand that can accommodate the type and size of tree you have. We researched dozens of the best Christmas tree stands to help you find the right one for your needs, whether you have a real tree, an artificial tree, a small tree, or a behemoth. The stands in our guide have a track record of durability, performance, and easy setup. We also outline the size and type of tree each stand is meant for. Check out our guide to the best Christmas tree skirts once you've chosen the right stand for your tree. The best Christmas tree stands in 2022 Best Christmas tree stand overall: Krinner Tree Genie Christmas Tree Stand, available at Amazon, $82.79 The German-engineered Krinner Tree Genie Christmas Tree Stand is easy to set up in a couple of minutes and keeps trees up to 12 f...
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Carvana Father-Son Duo Lose Billions as Company Stock Collapses

Carvana has had a rough year.

Bloomberg | Getty Images
Ernie Garcia III, founder and chief executive officer of Carvana Co., second left, and his father Ernest Garcia II, in 2017.

At its high, Carvana stock was trading around $360 in August 2021, but the profits were short-lived as prices began to steadily drop in November of that year — and haven't come up since. The online used car retailer has seen stocks steadily decline since late 2021, and now things have gone from bad to worse.

As of Thursday, Carvana was trading around $7.65 — marking a 97% drop this year alone.

Related: Carvana to Lay Off 12% of Its Workforce, Ignites 'Mass Hysteria'

Carvana CEO and co-founder Ernie Garcia III, along with his father Ernie Garcia II, have experienced parallel losses in wealth alongside the collapse of the company.

Ernie Garcia III started 2021 with a net worth of $7.4 billion, which has now dropped to $3.2 billion, according to Forbes. As for his father, also the biggest shareholder of Carvana, Ernie Garcia II has seen his net worth shrink from $15.9 billion in 2021 to $8.6 billion in 2022.

The somewhat rapid rise and fall of both Carvana and the Garcia father-son duo may be due to the fact that Carvana's business model was positioned to thrive during the pandemic — online car retailer buys, sells, and delivers used cars with little to no human interaction, which experienced unique success during Covid-lockdown, as consumers were hesitant to shop in-person.

However, as people began to trickle back into the world, the model proved to be unsustainable. Along with the volatile used car market, Carvana has had a tough year as far as revenue, and the fate of the company is uncertain as the year comes to a close.

Related: Carvana Stock Could Be Worth As Little As $1 Per Share, Analyst Predicts

https://www.tausiinsider.com/carvana-father-son-duo-lose-billions-as-company-stock-collapses/?feed_id=331472&_unique_id=6454f2ef09990

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