I wouldn't ask for Uber to collapse since they have different verticals now. One of my friends currently works at Uber and has disclosed to me that their busine

I wouldn't ask for Uber to collapse since they have different verticals now. One of my friends currently works at Uber and has disclosed to me that their business lines are doing good even in this sluggish market. The problem with these food delivery apps is, there are way too many parties to be paid a reasonable amount of money here and customers aren't willing to go beyond a specific limit of premium. Turning a profit is hard - even after punishing restaurants with 30%+ commissions, pushing "service fee" and other regulatory fee upon customers, and even after "stealing" drivers' tips. This company shouldn't have grown so much really. It all feels so hyperbolical with them raising so much investor money and hiring thousands of tech workers. AFAIK they've always relied upon investor money to pump and inflate numbers and acquire new customers with massive marketing spend.