241–250 of 277 posts
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Yeah but with all that cycling they won't need to visit the doctor anytime soon so they save a lot of money not paying for health insurance. /s
I know that this was a joke, but physically healthy people should definitely still be visiting their doctor on a somewhat regular basis too.
I just don't get it. Who's buying this stock and why do they think that a company that is not profitable during a pandemic, with people locked in their homes and in-person dining outlawed, is going to be worth billions of dollars? There's no loyalty in food delivery. Everybody is chasing the same promos. There's no moat. Just VC funded revenue.
We're in a bubble, every IPO is being bought, we're in the manic state, "stocks only go up" they say, people FOMO into all kinds of stocks. I think we're in the peak time of scams, grifters and conmen. Heck, even the president is one. BTC at all time valuation again. Everything is amazing in the stock market right now. But look at the food lines, look at the covid cases and deaths, unemployment. We're heading to an i…
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Another take on this is that restaurants are in the entertainment business, not the food business. Post COVID people are going to have a lot of pent up demand for entertainment that isn't in their homes. So perhaps this is more of a complement to restaurants rather than a replacement. But is DASH valued as a complement? But then again price is king right now, not value :)
Exactly. This is why cocktails you order from the restaurant don't taste nearly as good as they do in store (unless you know what you're doing with them). I can't wait to get drunk in a bar with people again.
I recently ordered from doordash where the estimate was 60 minutes from order to delivery. I wrote in to CX at about the 90 minute mark and they told me that maybe the restaurant wasn’t finished and that they had a person on the way to pick it up (counter to what the app said). Around the two hour mark, I wrote in again and they said the same. I asked if they had a specific person currently on the way and was told yes. We eventually called the restaurant who confirmed that they had had our food ready for hours, at which point doordash said “oh actually, we don’t know when we’ll be able to get it to you, we’ll give you doordash credits in refund.”
When we drove ourselves to the restaurant to pick it up, hours after ordering, they said doordash had kept submitting orders but hadn’t actually sent any doordash drivers in a week or two.
Everyone seems to have a doordash is terrible story.
I can’t believe the valuation I’m seeing.
Has anyone had a recent good experience with doordash? I recently ordered from doordash where the estimate was 60 minutes from order to delivery. I wrote in to CX at about the 90 minute mark and they told me that maybe the restaurant wasn’t finished and that they had a person on the way to pick it up (counter to what the app said). Around the two hour mark, I wrote in again and they said the same. I asked if they had…
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…
If you mean takeaways will stop having so many storefronts, sure.
But for sure restaurant brands are not going virtual - you'll have your Dominos but most restaurants are going to mainly be in person eateries. There's this tendency to over-estimate the impact of major events as you're in the centre of them... once COVID is "over" we're going to see a boom in eating out, as people rush back to normal life. It ain't going change so much.
The reason it's so hard to make money out of a restaurant is not because rents are high (people will travel to good restaurants) it's because the competition is so damn fierce.
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A good middle ground between a ghost kitchen and a full on restaurant is the food court model. Restaurants get to pay a little less for rent, keep some in person dining but mostly focus on takeout.
I relocated to Singapore earlier in the year, and I have to say that the hawker centres here are amazing. I know the economics require a bit of government intervention (and it only really works in a dense urban environment), but I would love to see more governments embrace this model. That being said, I also expect that implementing this somewhere like Australia would also require a lot more security to deal with dru…
Not sure why you think they don't exist in Australia.
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I relocated to Singapore earlier in the year, and I have to say that the hawker centres here are amazing. I know the economics require a bit of government intervention (and it only really works in a dense urban environment), but I would love to see more governments embrace this model. That being said, I also expect that implementing this somewhere like Australia would also require a lot more security to deal with dru…
There are food courts in Australia. MLC Centre, Australia Square, Eating World, Central, the Galeries and more. None of them have any security guards or have any issues with drinks, thieves, or generic shit heads. Not sure why you think they don't exist in Australia.
First, the food quality is much, much better and considerably cheaper.
Second (and I assume related to the first), the stalls are much smaller, meaning they can be properly independently run.
Third, they're regulated (after a fashion), so ma and pa stalls aren't competing with Subway.
Fourth, the majority of people here don't cook, so eating hawker food twice or three times a day isn't just normal, it's probably common.
Fifth, they're generally stand-alone buildings and smoking/drinking is permitted.
Sixth, they're usually open from 6am until 9pm (some are even 24 hours).
Seventh, they're a staple of literally every neighbourhood, not just CBD office towers.
Has anyone had a recent good experience with doordash? I recently ordered from doordash where the estimate was 60 minutes from order to delivery. I wrote in to CX at about the 90 minute mark and they told me that maybe the restaurant wasn’t finished and that they had a person on the way to pick it up (counter to what the app said). Around the two hour mark, I wrote in again and they said the same. I asked if they had…