[Jommi]

I think you're slightly misrepresenting what the parent comment is saying. You both are right.

Food delivery can be profitable, and they could switch to being profitable if they wanted to. That's what the parent company is saying - they chose not to as they want to operate on the hypothesis that investing in growth as early as possible will put them on an expontential trend in a network effect -based business. Which is true.

However, what you say is right as well. If they switched to a completely profit skimming model, their competitor would keep them in check very fast.

However. what data that I've seen in ridehailing shows, is that if you invest in growth and achieve the 1 or 2 position in volume, you can grow and reap profits simultaneously - at least for some time. It's a massive juggling effort.