Man makes money buying his own pizza on DoorDash app

Post by mewpmewp2 » Thu, May 21, 2020, 12:49 PM UTC

lm28469 wrote: post #4

tracer4201 wrote: post #2

From reading the blog post linked from the article, DoorDash doesn’t actually make money. Someone who understands finance better, what is the longer term play here? Is it to optimize to grow and then raise prices in the future?

Same as Uber &co. Kill competitors by selling at loss and achieve monopoly. Which will never work because there is almost no barrier to entry in these businesses.

Post by fakedang » Fri, May 22, 2020, 12:08 AM UTC

danielscrubs wrote: post #9

softbankhater wrote: post #3

Softbank is a money-wasting machine. I will never give them even a penny. They are the worst investors on the entire planet.

I'd argue that from a humanistic standpoint, spreading money around is at least better than sitting on money. But yeah, I'll not invest in SoftBank nor any of the latest Silicon Valley fads. My current and only investment strategy, that has worked out way beyond expectations is investing in near monopolies. I call it: the rich get richer strategy. Got it from reading Warren Buffett books. Out of curiosity, how did yo…