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Alternate Symbol(s): N.UBER

Uber Technologies, Inc. is a technology company, which develops and operates proprietary technology applications supporting a variety of offerings on its platform (Platform(s)). The Company connects consumers (Rider(s)) with independent providers of ride services (Mobility Driver(s)) for ride sharing services and connects Riders and other consumers (Eater(s)) with restaurants, grocers and other... see more

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Uber Technologies Inc > Food delivery firms and flawed thinking on profits

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Post by NineLives on Dec 03, 2020 1:24pm

Food delivery firms and flawed thinking on profits

Very good article on Door Dash IPO, nice to see a refreshing truthful article instead of the false hype that's been given to delivery firms and the unreasonable profit margins institutions are praying for. The whole business idea is flawed and as the author mentions, chain restaurants can manage their own delivery at a much cheaper price, if not for free. When this bubble bursts institutions will be heading for the exit and retail will get killed.

https://presspixie.com/opinion-why-doordash-is-shaping-up-as-the-year-s-most-ridiculous-ipo-3366.html