[ELI5] How do delivery services like Uber Eats make money when a rider get’s $5+ per delivery?
In: 34
They don’t, they operate at a loss. Frankly I think they are a shitty investment, market share alone is worth nothing in a business with low to no barrier to entry. The investors will only get their money back if they jump the hypetrain before it derails. Might as well bet on NFTs and crypto. Uber makes 9 billion loss at 30 billion revenue and they are not building lasting assets for that money, it all goes towards market share. That market share will be gone the moment they try and get into green.
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