[xmdx]

From an investors point of view the last thing you want is an Uber situation, where you have to classify all drivers as employees and take on a new massive cost. It's one of their biggest risks at the moment.

From a human point of view I hope that does happen.

They even admit it's a huge problem with their profitability plan: https://london.eater.com/2021/3/24/22347981/deliveroo-delive...

[vonwoodson]

Worse than that: Uber has yet to turn a profit!! [1] [2]

Even treating its “independent contractors” like d09(c)h!7 isn’t enough to make the business profitable. As best I can tell, investors are literally investing in the idea... no, hope, that companies can somehow exist without real employees. That they can Pray Away the Proletariat.

[1] : https://morningology.com/four-top-reasons-why-uber-isnt-prof...

[2] : https://www.forbes.com/sites/bethkindig/2020/03/25/can-uber-...

[xmdx]

I don't think immediate profitability is a concern for Uber, investors are all in on future profits when/if they move to autonomous cars. The profitability is far greater then, rather than now.

I don't know how deliveroo future profits look in comparison.

[KptMarchewa]

They sold autonomous car division few months ago.

If they won't own the technology, then Uber has no moat when it comes to service - people generally use cheapest ride hailing app.