Food delivery giants like Deliveroo, Just Eat Takeaway, Delivery Hero, and DoorDash have collectively accumulated $20.3 billion in operating losses since their IPOs. The intense competition for market share has led to this significant financial struggle.
Fiat Business Model: May 28 – Financial Times (Camilla Hodgson and Yasemin Craggs Mersinoglu): “Leading online food delivery groups in Europe and the US have racked up more than $20bn in combined operating losses since they went public, after a fierce battle for market share.…
🇺🇸 Food delivery apps rack up $20bn in losses in fierce battle for diners https://t.co/Tg4knvTMKd
Leading online food delivery groups in Europe and the US have racked up more than $20 billion in combined operating losses since they went public, after a fierce battle for market share, via @IrishTimesBiz https://t.co/2PMd3FQOcT
Food delivery apps rack up €18.5bn in losses in fierce battle for diners https://t.co/lDbP07WGe4
Analysis: food delivery apps Deliveroo, Just Eat Takeaway, Delivery Hero, and DoorDash have racked up $20.3B in combined operating losses since they went public (Financial Times) https://t.co/bzFAJ5t9qv 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/Fin4Dj9dj9