DoorDash is wonderful if you want to pay 30% more for the same item, and then add tax and tip on top of that. Restaurants pass on the platform fee to you.
It's idiotic. Just phone it in directly and go pick it up.
DoorDash and Pizza Arbitrage (2020)
61–70 of 151 posts
Re: DoorDash and Pizza Arbitrage (2020)
#62Earlier quoted context omitted.
But the whole point is that in this case the money is not accumulated. Lots of different companies are each spending a lot of money in the hopes that they will be the last standing, at which point they will get to accumulate the money. It's possible that if one company does end up with a monopoly, they will treat their employees better. Because then they will finally be able to charge higher prices to the customers w…
The money they’re spending didn’t poof into existence, it’s coming from private equity and investors that accumulated it.
Right, they must have accumulated the money beforehand. But what they are doing right now with it is the opposite of accumulating it. They are taking the money that they previously accumulated and spending it on lots of random bullshit.
Suppose you were to discourage accumulation, with a tax for example. Wouldn't that lead to investors investing in even more random bullshit?
Re: DoorDash and Pizza Arbitrage (2020)
#63> You have insanely large pools of capital creating an incredibly inefficient money-losing business model. It's used to subsidize an untenable customer expectation. You leverage a broken workforce to minimize your genuine labor expenses. The companies unload their capital cannons on customer acquisition, while this week’s Uber-Grubhub news reminds us, the only viable endgame is a promise of monopoly concentration and…
Isn't this a problem that fixes itself? People have lots of money and throw it at stupid businesses and lose it.
Re: DoorDash and Pizza Arbitrage (2020)
#64> You have insanely large pools of capital creating an incredibly inefficient money-losing business model. It's used to subsidize an untenable customer expectation. You leverage a broken workforce to minimize your genuine labor expenses. The companies unload their capital cannons on customer acquisition, while this week’s Uber-Grubhub news reminds us, the only viable endgame is a promise of monopoly concentration and…
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Re: DoorDash and Pizza Arbitrage (2020)
#65> You have insanely large pools of capital creating an incredibly inefficient money-losing business model. It's used to subsidize an untenable customer expectation. You leverage a broken workforce to minimize your genuine labor expenses. The companies unload their capital cannons on customer acquisition, while this week’s Uber-Grubhub news reminds us, the only viable endgame is a promise of monopoly concentration and…
Isn't this a problem that fixes itself? People have lots of money and throw it at stupid businesses and lose it.
They aren't building libraries with it, but sustaining an underpaid workforce. Someone loses a million, a million gets a few cents.
Re: DoorDash and Pizza Arbitrage (2020)
#66> You have insanely large pools of capital creating an incredibly inefficient money-losing business model. It's used to subsidize an untenable customer expectation. You leverage a broken workforce to minimize your genuine labor expenses. The companies unload their capital cannons on customer acquisition, while this week’s Uber-Grubhub news reminds us, the only viable endgame is a promise of monopoly concentration and…
Isn't this a problem that fixes itself? People have lots of money and throw it at stupid businesses and lose it.
No, because it’s a circular economy - at no point does that wealth reach workers, it just ends up in the hands of other plutocrats.
Re: DoorDash and Pizza Arbitrage (2020)
#67> You have insanely large pools of capital creating an incredibly inefficient money-losing business model. It's used to subsidize an untenable customer expectation. You leverage a broken workforce to minimize your genuine labor expenses. The companies unload their capital cannons on customer acquisition, while this week’s Uber-Grubhub news reminds us, the only viable endgame is a promise of monopoly concentration and…
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Re: DoorDash and Pizza Arbitrage (2020)
#68Earlier quoted context omitted.
Isn't this a problem that fixes itself? People have lots of money and throw it at stupid businesses and lose it.
No, because it’s a circular economy - at no point does that wealth reach workers, it just ends up in the hands of other plutocrats.
How exactly does the money that a company like DoorDash loses end up with other plutocrats?
Isn't most of that money being paid to people working for those companies?
Re: DoorDash and Pizza Arbitrage (2020)
#69> You have insanely large pools of capital creating an incredibly inefficient money-losing business model. It's used to subsidize an untenable customer expectation. You leverage a broken workforce to minimize your genuine labor expenses. The companies unload their capital cannons on customer acquisition, while this week’s Uber-Grubhub news reminds us, the only viable endgame is a promise of monopoly concentration and…
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> This view of the world must be stamped out. It is a totally absurd viewpoint and I'm really tired of pretending it's not.
This is very argumentative and shuts down the discourse before it even begins. It's not very in the spirit of HN.
Re: DoorDash and Pizza Arbitrage (2020)
#70> These platforms [Grubhub, DoorDash, Uber Eats] are all losing money. Has this changed? Do all these companies still losing money?
I believe Grubhub was profitable for years before they started offering their own delivery and had to compete with money losing companies like Uber and DoorDash.