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Message
Waitr stock dropping like a stone
Posted on 6/21/19 at 8:43 pm
Posted on 6/21/19 at 8:43 pm
Down from $14.15 on March 13 to $5.52 today. Anyone have any insight? Everyone cashing out?
5
Posted on 6/21/19 at 8:51 pm to lsuwins3
Sorry didn’t see previous thread
Posted on 6/23/19 at 8:04 am to lsuwins3
Looking like a buying opportunity in the future.
Posted on 6/24/19 at 12:35 am to lsuwins3
There seems to be about 15-20 of these food delivery companies in operation and I cant figure out why to pick one over the others
Posted on 6/24/19 at 6:50 am to Captain Crackysack
quote:
There seems to be about 15-20 of these food delivery companies in operation and I cant figure out why to pick one over the others
Yep. I don’t know or use them enough. There’s a lot of hearts on this board for Waitr because it is local to Nola and I don’t blame them. But I think the competition on their market is intense and going to be tough for anyone that doesnt have a strong foothold in the big markets especially NYC where a lot of the investing is coming from.
Eta: my bad sfp I forgot where it was from, it is local to Louisiana I should have said.
This post was edited on 6/24/19 at 7:13 am
Posted on 6/24/19 at 7:06 am to baldona
quote:
because it is local to Nola
Posted on 6/24/19 at 4:27 pm to lsuwins3
probably but it cost $40.00 to order $20.00 worth of food
Posted on 6/25/19 at 8:21 pm to Captain Crackysack
I personally avoid using Waitr since I found out they take a percentage from the restaurant from using their “pick-up/take out” ordering service. If you want to order out just call the restaurant, don’t use the app.
A lot of people don’t realize this, not that they care but these food delivery services profit around 30% of the total order.
A lot of people don’t realize this, not that they care but these food delivery services profit around 30% of the total order.
Posted on 6/25/19 at 9:07 pm to ellishughtiger
quote:
A lot of people don’t realize this, not that they care but these food delivery services profit around 30% of the total order.
I mean, I'm not ordering from most of these restaurants if delivery wasn't an option.
Posted on 6/25/19 at 9:51 pm to Captain Crackysack
quote:
There seems to be about 15-20 of these food delivery companies in operation and I cant figure out why to pick one over the others
Uber is getting into this space and could crush them all. Although the profitability might not be there for them. Amazon gave this a go also but announced they were canceling earlier this month.
Posted on 6/25/19 at 10:41 pm to lsuwins3
Waitr only hope is to get bought out. Same with the others. Postmates, grub hub, door dash etc. Uber will try to bleed them out
Posted on 6/26/19 at 7:29 am to lsuwins3
One of these delivery companies will get the nod when it comes to alcohol delivery in Texas and hopefully soon in Louisiana. I would hope the company based in LA with a CEO who has influence in Texas will be on top of it. That’s my bet on Waitr.
Posted on 6/26/19 at 7:59 am to Parade Grounds
quote:
Waitr only hope is to get bought out
Billionaire restaurant owner Tilman Fertitta gets into the food delivery business with the purchase of Waitr for $308 million
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