5 ms·
I'll quote from the article > "a global urban phenomenon heavily backed by billions of dollars in venture capital" > "[...] Gorillas, Getir, Flink, Zapp, and
by MrDresden 5y ago
I'll quote from the article
> "a global urban phenomenon heavily backed by billions of dollars in venture capital"
> "[...] Gorillas, Getir, Flink, Zapp, and a number of other goofily-named startups that, according to reports, lose up to $150 per order."
They are certainly not making break even, let alone a profit.
- bko 5y agoSo they're transferring billions of venture capital money to people that use these services. And that's bad because...
- thatcat 5y agoTheyre using public resources in a way that disrupts the community and for no reason since they will likely go out of business.
- MrDresden 5y agoIt was never mentioned that it was bad, only that this amount of VC funding is what is keeping them afloat rather than any actual income stream that covers their operational costs. Which was you question, remember.