Rappi is missing. It's huge in all of Latin America.
You're absolutely right, I'm guessing the GMV of rappi should appear on the graph. My guess is about 3-5B.
Five companies now control over 90% of the restaurant food delivery market
161–170 of 350 posts
Re: Five companies now control over 90% of the restaurant food delivery market
#162Earlier quoted context omitted.
Here's the bit on Youtube (I couldn't find an Archive link): https://www.youtube.com/watch?v=LrSAxtIYM08 This is the right conclusion, and I love sharing that video for that reason. As of 2025 everyone globally has everything they need to make the world a great place for everyone. Instead, people continue to take the lowest energy route for their personal actions, which means they do not even think about the external…
> Self elimination is the only possible arc for humanity. Hey man, at least add a spoiler alert. We eradicated smallpox and recovered the ozone layer through global coordination, not even a century after murdering each other by the tens of millions in two world wars. We're capable of both.
> recovered the ozone layer through global coordination
The ozone layer won't be "recovered" for about a century, assuming everyone plays nicely[1]. It is still diminished from CFCs, and we're still being bombarded with more UV than previously.
[1] https://www.newscientist.com/article/2367525-ozone-destroyin...
Re: Five companies now control over 90% of the restaurant food delivery market
#163This is essentially the story of tech companies across nearly every industry where they have come to dominate. This is one reason that I see most tech companies as essentially a net negative for society at large, as the goal is nearly always to control a large monopoly (and this is fully admitted by many tech leaders, e.g. Thiel) which the Internet makes possible. Pre-Internet you would see the same dynamics, but usu…
All mature markets eventually end up with 3-5 competitors dominating the market. I don't really see this as an issue.
I also disagree that it's a net negative. Technology adds convenience to these markets and as long as the government isn't price-fixing through strict regulations, we also end up with better prices.
We've seen some of the prices increase after the government decided to regulate the hotel markets. They forced many people to stop renting out their places through sites like Airbnb and now the hotels are free to increase prices accordingly.
If it weren't for Uber and Lyft, the Taxi cab unions would have gladly monopolized the industry charging workers $1,000,000+ for a medallion and not keeping up with technology (Taxis were still hailed in person or ordered on the phone before the tech companies decided to compete).
Re: Five companies now control over 90% of the restaurant food delivery market
#164This is essentially the story of tech companies across nearly every industry where they have come to dominate. This is one reason that I see most tech companies as essentially a net negative for society at large, as the goal is nearly always to control a large monopoly (and this is fully admitted by many tech leaders, e.g. Thiel) which the Internet makes possible. Pre-Internet you would see the same dynamics, but usu…
There's a George Carlin bit about politicians. The punchline is "the problem isn't the politicians, it's the people." His point is that nothing emerges from a vaccuum. Politicians are people just like everyone else, they're just responding to incentives created by a majority vote. Tech companies are just like any other company, except a lot more people are willing to pay for their goods and services. If Carlin were a…
> they're just responding to incentives created by a majority vote.
That's not completely true since there are too many mechanisms built in to limit those incentives
Re: Five companies now control over 90% of the restaurant food delivery market
#165I think the truth is restaurant food delivery is a luxgury good, literally “private taxi for your burrito” yet many people spend like it isnt.
It didn't used to be. I delivered pizza in the early 2000s, and the fee was $1 and tip, which was usually $2-3. It was pretty normal people ordering the stuff. And the funny thing is I made about $20 an hour (unadjusted for inflation, ~4 deliveries per hour + $5 an hour). Today the drivers still around that amount, the restaurants pay more and the companies operating are often operating at a loss. Something very stra…
> Something very strange happened in the last 20 years.
Tech companies discovered that the most profitable position to be in was global middleman, at a scale previously impossible before everything was connected by the internet. They undercut a given market until all the alternatives become financially non-viable and then start hoovering up all the margins from both sides (producer and consumer) of the deal.
Re: Five companies now control over 90% of the restaurant food delivery market
#166Earlier quoted context omitted.
You read an article that talks about consolidation of food delivery and increasingly high barriers to new entrants and think that’s competition?
Where does the article mention barriers to entry? My reading is that that the consolidation is due to venture capital moving investment to other areas. Anyone who wants to start a new food delivery app is still free to do so, as long as they can find funding. This is the definition of competition according to Wikipedia: "Competition is a scenario where different economic firms are in contention to obtain goods that a…
> Anyone who wants to start a new food delivery app is still free to do so, as long as they can find funding.
This argument is meaningless because you can always make it. There's a quasi-monopoly? Yeah but you're still allowed to make a new company so it's not really a problem is it? You'll fail, unless you're backed by even more powerful venture capital, but I don't care about that because I get to keep making the argument that it's a free market.
The reality is that the only way you can compete in this market is to already be a billion dollar company, or have the backing of one. That's not a free market by any reasonable definition.
What it is, is a clear case of technofeudalism.
Re: Five companies now control over 90% of the restaurant food delivery market
#167Earlier quoted context omitted.
There's a George Carlin bit about politicians. The punchline is "the problem isn't the politicians, it's the people." His point is that nothing emerges from a vaccuum. Politicians are people just like everyone else, they're just responding to incentives created by a majority vote. Tech companies are just like any other company, except a lot more people are willing to pay for their goods and services. If Carlin were a…
"Monopoly" used to mean a single company controlling a market. Now folks are now hollering "monopoly" about five different companies competing and collectively capturing 90% of a market? Plus the market is artificially defined to be small. It excluded companies that do their own delivery (pizza places and others), home food delivery that isn't from restaurants, and the old option of just driving yourself to a restaur…
> "Monopoly" used to mean a single company controlling a market. Now folks are now hollering "monopoly" about five different companies competing and collectively capturing 90% of a market?
Five companies controlling 90% of the market is more than enough to form a cartel or spontaneously self-organise in ways that have the same effect even without explicitly coordinating. (I once read an economics paper that I wish I could find now that said this would happen when the top 4 companies in an industry controlled more than 60% of the market)
Re: Five companies now control over 90% of the restaurant food delivery market
#168I have always been curious why I don't see more local food delivery companies in my city. I imagine for all cities where there is a market for DoorDash, a local company could beat them out with more specialized services catered to that region.
Re: Five companies now control over 90% of the restaurant food delivery market
#169This is essentially the story of tech companies across nearly every industry where they have come to dominate. This is one reason that I see most tech companies as essentially a net negative for society at large, as the goal is nearly always to control a large monopoly (and this is fully admitted by many tech leaders, e.g. Thiel) which the Internet makes possible. Pre-Internet you would see the same dynamics, but usu…
There's a George Carlin bit about politicians. The punchline is "the problem isn't the politicians, it's the people." His point is that nothing emerges from a vaccuum. Politicians are people just like everyone else, they're just responding to incentives created by a majority vote. Tech companies are just like any other company, except a lot more people are willing to pay for their goods and services. If Carlin were a…
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Re: Five companies now control over 90% of the restaurant food delivery market
#170I'd love to live in a country where these apps are developed by the federal government as open source freeware tools for local governments to offer tip-free deliveries to citizens, and well paying jobs with good benefits.
Unfortunately, in the US that would just mean every 4 years someone goes in and tries to literally destroy it so their buddies can privatize it. The poor post office, man.