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Honestly, I don't agree that the customers are very valuable. There doesn't seem to be either loyalty or lock-in with these delivery startups: as soon as they r
by Analemma_ 10y ago
Honestly, I don't agree that the customers are very valuable. There doesn't seem to be either loyalty or lock-in with these delivery startups: as soon as they raise their prices, people just uninstall the app and grab another one. I don't see anything worth acquiring here, so an IPO is pretty much it for an exit strategy, if they can last that long.
- rhizome 10y agoCould be, but the fact remains that they chose a new CEO whose most recent experience was winding a company down into acquisition.