41–50 of 169 posts
At first blush, this might seem like another silly roll-up. However, I believe in Marc Lore completely and it will be interesting to see what this becomes. This is bad news for DoorDash (imo).
To be fair, DoorDash is bad news for DoorDash because a $8 meal costs $30.
Support your local restaurants. Don’t let these vampire platform companies enshitify your city’s food scene.
We say shopping at Whole Foods, Walmart, and Kroger.
Support your local restaurants. Don’t let these vampire platform companies enshitify your city’s food scene.
Which is an empty platitude if restaurants won't meet customers where they are - on their smartphones. I'll use my local restaurants' app/webpage when there is one and get pick-up, but if there isn't one, I'll be real - I just use Doordash. When I've got people over and need to order food, it'll take 45 mins between everything else going on to figure out a restaurant, and then another hour to pick some food. And then…
Mentions the $650mln they'll pay Just Eat for it, neglects the fact Just Eat paid $7.3bln. Quite the write down. And in just 4 years.
Earlier quoted context omitted.
Where did all the money go?
Well, when you're in the business of selling a dollar for eighty cents, all the money probably got flushed down the toilet.
Ghost kitchens are the biggest scam in the food delivery world. why would anyone pay for an unsanitary kitchen to fry them up some frozen food?
Ghost kitchens are the biggest scam in the food delivery world. why would anyone pay for an unsanitary kitchen to fry them up some frozen food?
How do these deals work? I am assuming, and I could be very wrong, that Wonder is smaller by market cap than Grubhub.
In this case, GrubHub had taken on a bunch of debt; Wonder agreed to assume it, and GrubHub's owners/investors get $150M in cash.