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See, I completely disagree with this. I am absolutely certain that the economics for these services could work if they weren't piping a majority of profits back
by ctoth 3y ago
See, I completely disagree with this. I am absolutely certain that the economics for these services could work if they weren't piping a majority of profits back to the bloated mothership.
> A driver recently shared with me that he made $5 on a $23 ride I booked recently.
If I order Doordash, the food is already way more expensive than in the restaurant. The driver gets a delivery fee. The driver gets a tip. Somehow, a $10 meal turns into $25. And there's still not enough money to pay the driver to bring me food from 5 minutes away? (I'm blind and don't have a car.) Of course there is. It's just all going to corporate.
You thought Hollywood accounting was bad, wait until you learn about delivery business accounting.
- nebula8804 3y agoI don't see how you can pull enough fat out of the operation to reverse the terrible numbers that Doordash has had for years. Here is a link to their financials. They have had years of losses. [1]:https://stockanalysis.com/stocks/dash/financials/ https://stockanalysis.com/stocks/dash/financials/