4 ms·
Just another instance of VCs pumping money into a bad but appealing idea and propping it up indefinitely at the expense of society at large. This kind of invest
by tomdell 6y ago
Just another instance of VCs pumping money into a bad but appealing idea and propping it up indefinitely at the expense of society at large. This kind of investment really needs to be more closely regulated - the businesses never even have to be successful for the investors to profit as long as they go public in time to leave retail investors holding the bag before the crash.
- samizdis 6y agoAnd here's the latest one, Deliveroo set to float with an expected $10bn valuation: Deliveroo: taste test [1], (non-paywalled version) [2] From the article: That Deliveroo could not turn a profit in a year when sales were up more than half is concerning. It is operating in a ferociously competitive market. Deliveroo is proud of its gross profit margin — as a percentage of gross transaction value it is up from 5.8 per cent in 2018 to 8.8 per cent in 2020 — but it is slim by the standards of other industries. [1] https://www.ft.com/content/17dc510c-b396-4dc5-84a8-243a5bfa7825 https://www.ft.com/content/17dc510c-b396-4dc5-84a8-243a5bfa7... [2] https://archive.is/i1Mor https://archive.is/i1Mor