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What profit? What greed? Delivery apps run at a loss. "DoorDash is not profitable as its net losses amounted to over $1.3 billion in 2022, compared to $468 mil
by ars 3y ago
What profit? What greed? Delivery apps run at a loss.
"DoorDash is not profitable as its net losses amounted to over $1.3 billion in 2022, compared to $468 million in net losses in 2021."
They hope, eventually, someday, to make a profit. This change in NY means they have no choice but to raise prices.
- saagarjha 3y agoYeah, movies run at a loss too.
- ImPostingOnHN 3y agothey literally aren't entitled to any profit at all, or even a viable business model, so they have a choice to make upon discovering that theirs isn't, and aren't obliged to raise prices otherwise, how could they be operating at a loss now?