Which stock will behave like lyft when they IPO?
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I also find it incredibly shady that Postmates has tried to offer “free delivery” when what they mean is “no delivery fee” and what they mean by “no delivery fee” is “we’re gonna just call it a ‘service fee.’ UberEats and DoorDash now all have service fees, small cart fees, some have minimums, etc. this business model makes no sense, and it literally cannot work outside big metros. One potential out is autonomous delivery bots like DoorDash was testing but SF city gov moved to ban them from the sidewalks *immediately.* They have a nice catch-22: the only environment where they can achieve a profitable solution is actively hostile to that very solution.
Pinterest: good business, bad execution
I also think Expedia won’t die if there’s a recession. There’s a lot of infrastructure involved in a travel company. You need to negotiate contracts with hotels, and Expedia has been doing this since years. It’s easy for companies to dump slack for an open source alternative to cut costs during a recession.