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UberEats is making money from VC and isn’t profitable [1]. They charge the customer a fee, and take 30% from the restaurant as a middleman fee. [1] https ://ny
by wyre 5y ago
UberEats is making money from VC and isn’t profitable [1]. They charge the customer a fee, and take 30% from the restaurant as a middleman fee.
[1] https ://nymag.com/intelligencer/2020/08/if-uber-eats-isnt-profitable-now-when-can-it-be.html
- monkeybutton 5y ago30%. Thirty freakin percent. Plus a delivery fee. And they can't turn a profit? That's not a business model that can be fixed by optimizing some conversion rate or efficiency factor by any reasonable percentage.
- potatolicious 5y ago> That's not a business model that can be fixed by optimizing some conversion rate or efficiency factor by any reasonable percentage. Many, many people made this exact case during the heyday of gig economy companies. Many a VCs and investors (including those who run this illustrious site) mocked this criticism as that of know-nothing haters who simply could not understand the brilliance of the minds behind these operations.