[deleted]
DoorDash and Pizza Arbitrage (2020)
31–40 of 151 posts
Re: DoorDash and Pizza Arbitrage (2020)
#32Earlier quoted context omitted.
Uber made a profit for the first time ever this year after torching billions to accrue market share for fifteen years. https://www.theverge.com/2024/2/8/24065999/uber-earnings-pro... Having to do it via huge price hikes and screwing drivers makes me dubious about their ability to do so more than a few times.
> Having to do it via huge price hikes and screwing drivers makes me dubious about their ability to do so more than a few times. So here's my dumb question: What's with all the people that talk or even brag about how much money they make doing ridesharing, food delivery, etc? Are they just lying? Are they misinformed, bad at math, etc? Do 10% of the drivers actually make money, while the rest break even or lose money…
Likely they don't calculate how much they are making after expenses or don't understand how expenses work.
For example, a reddit post I read a little while ago (can't find it again) the person said they do ride sharing so got to take a lot of deductions on their taxes so they said "on paper" it "looks like" they make "much less" than they "actually" do.
The comments rightly pointed out the poster's "on paper" income is their actual income, because they are deducting expenses they paid and it wasn't an accounting trick.
Re: DoorDash and Pizza Arbitrage (2020)
#33Earlier quoted context omitted.
Uber made a profit for the first time ever this year after torching billions to accrue market share for fifteen years. https://www.theverge.com/2024/2/8/24065999/uber-earnings-pro... Having to do it via huge price hikes and screwing drivers makes me dubious about their ability to do so more than a few times.
how are they not making more money off of data? the trip data alone has to be worth millions right? All I see when discussing Ubers profits is the cost of trips and the cost of drivers and how much they spend on marketing and politicians. It seems like theres gaping black hole of all the data they are collecting and it being put to use/sale.
Personal data just isn't worth that much. You sometimes see people run around with high estimates where, like, Google's entire advertising revenue is attributed to personal data. But Uber doesn't run a massively popular advertising network, so even if that's a fair attribution it's not available to them.
Re: DoorDash and Pizza Arbitrage (2020)
#34Earlier quoted context omitted.
Uber made a profit for the first time ever this year after torching billions to accrue market share for fifteen years. https://www.theverge.com/2024/2/8/24065999/uber-earnings-pro... Having to do it via huge price hikes and screwing drivers makes me dubious about their ability to do so more than a few times.
> Having to do it via huge price hikes and screwing drivers makes me dubious about their ability to do so more than a few times. So here's my dumb question: What's with all the people that talk or even brag about how much money they make doing ridesharing, food delivery, etc? Are they just lying? Are they misinformed, bad at math, etc? Do 10% of the drivers actually make money, while the rest break even or lose money…
I worked deliveries a long time ago, before the age of food order apps, but at least at the time pretty much all drivers calculated their pay without considering expenses. It can easily be 30% of your pretax take-home, but the cost is mostly hidden until your car breaks, your tires wear, or you need to sell your car.
Re: DoorDash and Pizza Arbitrage (2020)
#35Earlier quoted context omitted.
DoorDash created the shop portal with no input from the store, and then put up incorrect prices. If that scenario still exists, they could still do this, but most of the time the store has some kind of deal with DoorDash so they would be responsible for pricing. As for why fill the boxes, technically DoorDash would be the store's customer, so if you didn't give them what was ordered they could press the issue. It'd b…
Doesn’t the driver notice that the boxes weigh almost nothing? Doesn’t he say anything? If I was driver and the pizzeria handed me empty boxes I’d refuse to deliver and I’d call DoorDash. Ain’t no way I’d take empty boxes to a customer and then have the customer potentially accuse me of removing all of the food they paid for.
The restaurant could easily get into an agreement with the driver.
Re: DoorDash and Pizza Arbitrage (2020)
#36Earlier quoted context omitted.
DoorDash created the shop portal with no input from the store, and then put up incorrect prices. If that scenario still exists, they could still do this, but most of the time the store has some kind of deal with DoorDash so they would be responsible for pricing. As for why fill the boxes, technically DoorDash would be the store's customer, so if you didn't give them what was ordered they could press the issue. It'd b…
Doesn’t the driver notice that the boxes weigh almost nothing? Doesn’t he say anything? If I was driver and the pizzeria handed me empty boxes I’d refuse to deliver and I’d call DoorDash. Ain’t no way I’d take empty boxes to a customer and then have the customer potentially accuse me of removing all of the food they paid for.
They were putting just dough in the boxes.
Re: DoorDash and Pizza Arbitrage (2020)
#37Earlier quoted context omitted.
Uber made a profit for the first time ever this year after torching billions to accrue market share for fifteen years. https://www.theverge.com/2024/2/8/24065999/uber-earnings-pro... Having to do it via huge price hikes and screwing drivers makes me dubious about their ability to do so more than a few times.
> Having to do it via huge price hikes and screwing drivers makes me dubious about their ability to do so more than a few times. So here's my dumb question: What's with all the people that talk or even brag about how much money they make doing ridesharing, food delivery, etc? Are they just lying? Are they misinformed, bad at math, etc? Do 10% of the drivers actually make money, while the rest break even or lose money…
Have you ever seen an instagram post where someone flashes wealth they don’t truly have? Be it a rented Lamborghini or a stack of twenty dollar dolls? Or a stack of ones with a couple hundred obfuscating the other denominations?
There are more incentives to flaunt success then bankruptcy. Even if the success isn’t real.
Re: DoorDash and Pizza Arbitrage (2020)
#38Re: DoorDash and Pizza Arbitrage (2020)
#39Earlier quoted context omitted.
> Having to do it via huge price hikes and screwing drivers makes me dubious about their ability to do so more than a few times. So here's my dumb question: What's with all the people that talk or even brag about how much money they make doing ridesharing, food delivery, etc? Are they just lying? Are they misinformed, bad at math, etc? Do 10% of the drivers actually make money, while the rest break even or lose money…
Likely they don't calculate how much they are making after expenses or don't understand how expenses work. For example, a reddit post I read a little while ago (can't find it again) the person said they do ride sharing so got to take a lot of deductions on their taxes so they said "on paper" it "looks like" they make "much less" than they "actually" do. The comments rightly pointed out the poster's "on paper" income…
There could be some truth to this based on the vehicle you drive.
The IRS gives a flat per-mile deduction, which is an estimate of fuel, repair, maintenance, and depreciation costs. If your actual vehicle expenses are lower, then you are making more money than your taxable income.
Re: DoorDash and Pizza Arbitrage (2020)
#40Earlier quoted context omitted.
Doesn’t the driver notice that the boxes weigh almost nothing? Doesn’t he say anything? If I was driver and the pizzeria handed me empty boxes I’d refuse to deliver and I’d call DoorDash. Ain’t no way I’d take empty boxes to a customer and then have the customer potentially accuse me of removing all of the food they paid for.
The restaurant could easily get into an agreement with the driver.
Odds are they get a different driver every time they do this.