What is going on with food delivery companies with the ongoing inflation and economic slowdown? Last I heard, these companies were alive because of VC. Are people still plowing money into them? Have any of them made money? Surely the amount of people willing to pay all those fees added with the extra cost of food has decreased. Someone just tell me if I should invest in any of these or if it’s a giant mistake. #uber #grubhub #postmates #doordash
PayPal salary not so good and they got rid my health insurance. So have to pay for it for childrens doctor.
Oh so just a troll
I watch some people on YouTube who do doordash and uber eats frequently. They've complained a lot that people aren't ordering nearly as much and tips are bad.
Tipping is absurd. People expect tips on takeout orders. Like wtf am I tipping you for asshole? You just handed the bag over to me.
I dont agree. Food delivery orders are at all time high. The problem is dashers(drivers) are also high and with batch orders, not everyone gets a bigger pie.
If they did not make money during the pandemic…
Doordash net loss is 1.3 billion in 2022 with their 20-ish market cap. The more they grow their revenue, the worse their margins. They probably have 2 years to turn things around. Not optimistic about it. Even worse, the unhinged management team will spend 750M for stock buyback. Should things go even worse, their cash will be depleted even faster. Why are they doing this for a company losing so much money? Well, I do see a lot of executive stock options will vest in near future.
Any of these profitable yet, except Grubhub?
I think we kind of are profitable, not sure if actually profitable or EBITA profitable….
This is a bad business in general. 1. Quality of gig workers fluctuates greatly, because anyone who breathes qualify. If anything goes wrong guess who the customers blame? 2. Tho restaurants just pay us instead of landlords for more space or for physical ads, but they’ve learned to gang up on us and portray us as evil conglomerates. Now the government hates us too and enforces all kinds of fee caps on us.
You don’t think DD “taking” all tips, all delivery apps up charging menu items, and then gouging restaurants and customers had anything to do with it? Seems customers do like food delivery though because they keep using it. Just that no one has figured out how to meet that demand profitably.
Don’t know about others, for us the menu prices are set by each restaurant. Furthermore, in our contracts we prohibit them from jacking up prices, but they do it anyways. For us all tips go to drivers and if I’m not mistaken, we had just implemented the functionality to display this fact. Tbh I doubt what I said above isn’t true for them as well, and if you were to discuss the topic rationally I’d urge you to do a little research on this topic. I might be wrong but I’d rather be proven wrong with facts than argue with someone with herd mentality and simply regurgitates what is being circulated online. The main hindrances to profitability are customer service expense, fee caps mandated by some cities, and trying to deliver every fucking thing outside of food at a loss to reach “market dominance”. Most importantly of all tho, totally forgot to mention in the first comment, customer loyalty is insanely low and more than easily poached by lower prices offered by competitors. Can’t blame them, it’s like airlines we’re basically all the same.
I work for PayPal as senior manager and in night time deliver the food for Uber eats in near San Jose. Lot of orders drying up and hard to make extra moneys. Recommend stay away. Lot of guys not getting good order any longer.
Why do you do that though? For fun?
Yea the most surprising bit here is that you deliver food as a senior manager at PayPal. What’s going on? Living some kind of opposite super hero life? I thought the profit from delivering was abysmal given all the hidden costs people don’t usually think about.