Why are service apps like Uber and DoorDash losing so much money despite being so popular? What are they spending all that money on?

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Why are service apps like Uber and DoorDash losing so much money despite being so popular? What are they spending all that money on?

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Anonymous 0 Comments

Growth but they also massively underprice services in some markets in order to drive out competition. They’re ultimately a shell game that makes money off the back of delivery drivers and small and mid sized businesses while claiming to only be a software company.

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