[NovemberWhiskey]

>But those billionaire gig companies are doing the rake JUST FINE.

Are you kidding? All the investors in this space are taking an absolute bath. You can look this up if you want, but I don't think GrubHub, PostMates, DoorDash or Uber Eats have ever made any money.

At this point in time, the only people getting any value out of these services are the drivers, the consumers and the employees (who are, by and large, doing middle class sales, marketing and software jobs).

[mlazos]

Yeah but the VCs got their exit so DoorDash is a success! Growth!

[pierat]

> Are you kidding? All the investors in this space are taking an absolute bath. You can look this up if you want, but I don't think GrubHub, PostMates, DoorDash or Uber Eats have ever made any money.

They never made any money, the same way Titanic, Avengers, Lord of the Rings never made a cent. Those poor studio execs.....

Its a mixture of Hollywood accounting, and an intentional plan to dump all profits back into growing the business all the while undercharging to gain monopoly status. Then, of course once the "gig" is up, they're the only players and can charge high rates and pay pennies cause they're the only mega-delivery place around.

And it doesnt hurt when all the locals fired their drivers and rely on said gig companies.

[NovemberWhiskey]

>They never made any money, the same way Titanic, Avengers, Lord of the Rings never made a cent.

No, they never made any money in the old-fashioned sense that their revenues were less than their costs. This is not hard to look up. GrubHub was doing so well last year that it canned 15% of its workforce.