[ELI5] How do delivery services like Uber Eats make money when a rider get’s $5+ per delivery?
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I strongly don’t believe they lose billions, sounds like accounting trickery ie charging subsidiaries ‘license fees’, ‘high interest loans’
I also don’t believe they’re rolling in it.
Previously they forced restaurants to charge same price as their menu. There were a lot of leaks that they were charging restaurants 25-30%… meaning many places were probably not making a profit.
It looks like that changed 2-3 years ago. Now if you look at the menu, then jump online to see the restaurant menu, you’ll also see prices are around 25-30% higher. + the add on the delivery fee of $8-9 AUD in Australia
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