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re: Doordash charges $16 for a $24 pizza, so the pizzeria bought its own pizzas
Posted on 5/18/20 at 2:05 pm to Bamboozles
Posted on 5/18/20 at 2:05 pm to Bamboozles
quote:
Grubhub just lost $33 million on $360 million of revenue in Q1.
Doordash reportedly lost an insane $450 million off $900 million in revenue in 2019 (which does make me wonder if my dream of a decentralized network of pizza arbitrageurs does exist).
Uber Eats is Uber's "most profitable division” ????. Uber Eats lost $461 million in Q4 2019 off of revenue of $734 million. Sometimes I need to write this out to remind myself. Uber Eats spent $1.2 billion to make $734 million. In one quarter.
More from the original source. It's crazy how unprofitable the food delivery business is.
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