151–160 of 277 posts
This is one of the scammiest companies to ipo in a while. They're dumping shitty stock on the public and doordash will never, ever make a profit. The way they handle tips should be illegal.
The dichotomy between this massive IPO making the founding team and investors rich and local restaurants shuttering in record numbers (partly due to losing 25% off the top to DD with no other options) is startling. A small case study on how inequality is growing in our country and tech like this is pouring fuel on the fire
> A small case study on how inequality .. Can you please explain this to me? Inequality of ... what? Opportunity or outcome?
The dichotomy between this massive IPO making the founding team and investors rich and local restaurants shuttering in record numbers (partly due to losing 25% off the top to DD with no other options) is startling. A small case study on how inequality is growing in our country and tech like this is pouring fuel on the fire
> A small case study on how inequality .. Can you please explain this to me? Inequality of ... what? Opportunity or outcome?
Earlier quoted context omitted.
Can't wait for more reasonable platforms to take over. I'd rather have some clarity and honesty than a stack of sneaky fee and not knowing who gets paid what. I have been pretty much only doing pick up orders (from the restaurant's site) since the whole tip stealing debacle. I know that some people would like jobs in the delivery space for flexibility and extra income but it seems too dishonest of a space for me to c…
I'm not sure I expect much to change. There's an insane amount of competition in this space, and they all seem to fall prey to the same dark patterns and mediocre execution. I'm starting to question whether any company can successfully squeeze into the already extremely tight margins that restaurants operate in without increasing the cost to the consumer in some way.
Earlier quoted context omitted.
> A small case study on how inequality .. Can you please explain this to me? Inequality of ... what? Opportunity or outcome?
Seems to me that it's both. I don't see VCs pouring billions in investments into new restaurants.
My 2 cts on the long term play of Doordash: The long term trend is that (primarily take-out) restaurants will decline and be replaced by ghost kitchens. The unit economics of ghost kitchens is much better than paying rent for prime real estate. You can run a ghost kitchen from a warehouse. This trend was already underway before covid [1] (see also Travis Kalanick's investments in this space) but has been 10x accelera…
The dichotomy between this massive IPO making the founding team and investors rich and local restaurants shuttering in record numbers (partly due to losing 25% off the top to DD with no other options) is startling. A small case study on how inequality is growing in our country and tech like this is pouring fuel on the fire
> A small case study on how inequality .. Can you please explain this to me? Inequality of ... what? Opportunity or outcome?
Similarly, private mkt investors get insane outcomes while retail investors end up buying at peak prices and less information.
I'm not saying what DD did was unfair or unethical. We're just moving quickly to a very unequal society and this is a small ex of how that's happening
Earlier quoted context omitted.
> A small case study on how inequality .. Can you please explain this to me? Inequality of ... what? Opportunity or outcome?
Small group of people (investors and early employees) pull in a ton of money while a big group of people (restaurant owners and employees) face worse economic outcomes. Similarly, private mkt investors get insane outcomes while retail investors end up buying at peak prices and less information. I'm not saying what DD did was unfair or unethical. We're just moving quickly to a very unequal society and this is a small…
2 more questions:
1. How is this a "problem"? 2. How would you go about solving it?
Earlier quoted context omitted.
I like how the drivers are always depicted as underpaid yet... they flock to the app! If it paid more to have a minimum wage job, why are there so many drivers on the platform?
Drivers can easily put in consistent overtime which is harder to do at a traditional job. Removing some of the friction of overworking themselves while giving the illusion of choice. Migrant workers consistently show up at farms too; it doesn't mean they're paid well.
Uber/DD/Postmates/... all do citizen verification checks.
My 2 cts on the long term play of Doordash: The long term trend is that (primarily take-out) restaurants will decline and be replaced by ghost kitchens. The unit economics of ghost kitchens is much better than paying rent for prime real estate. You can run a ghost kitchen from a warehouse. This trend was already underway before covid [1] (see also Travis Kalanick's investments in this space) but has been 10x accelera…
The market for cheap delivered food is much larger than sit down restaurants.
Covid just make more of the population comfortable with apps.