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Doordash?
More like more trash...
More like more trash...
$56B valuation at IPO?
Man... gtfoh lmao.
Man... gtfoh lmao.
I understand the value proposition & the narrative they are selling.
I think Tony Xu is an excellent CEO who took incredible risks that ended up paying off in a very big way.
But $56B?
Come on, man. That's crazy.
I think Tony Xu is an excellent CEO who took incredible risks that ended up paying off in a very big way.
But $56B?
Come on, man. That's crazy.
ftr I worked at $GRUB for a few years, so I understand how $DASH operates better than most.
$DASH won. Period. End of story.
But this business? This last-mile food delivery logistics business?
It has always SUCKED.
And without corporate catering/ordering?
It's GARBAGE.
$DASH won. Period. End of story.
But this business? This last-mile food delivery logistics business?
It has always SUCKED.
And without corporate catering/ordering?
It's GARBAGE.
If you're betting on $DASH implementing drone delivery to lower labor costs, then I have to wonder won't the majority of the value accrue to the companies manufacturing the drones?
Couldn't the large restaurants just... cut out $DASH and manage their own fleet of drones?
Couldn't the large restaurants just... cut out $DASH and manage their own fleet of drones?
Ask anyone in the industry how the food delivery business looks with:
* No corporate catering/group ordering because of WFA.
* No enterprise relationships because they go DTC w/ their own drones.
Then $DASH is reduced to SMB delivery. Good luck with that!
* No corporate catering/group ordering because of WFA.
* No enterprise relationships because they go DTC w/ their own drones.
Then $DASH is reduced to SMB delivery. Good luck with that!
If you're bullish on food delivery, then I'd suggest taking a look at $DPZ $WING etc.
You want to look for businesses with:
* Vertical integration
* Franchise model
* The potential for very large orders (parties, events etc)
You want to look for businesses with:
* Vertical integration
* Franchise model
* The potential for very large orders (parties, events etc)
To recap:
$CMG, $38B Market Cap
$DPZ, $15B
$WING, $4B
...
$DASH, $59B
Remind me what does $DASH do exactly?
$CMG, $38B Market Cap
$DPZ, $15B
$WING, $4B
...
$DASH, $59B
Remind me what does $DASH do exactly?
What I wish regulators would focus on with these "independent contractor" biz model shenanigans is franchising rather than employment.
$UBER $DASH etc never claimed to be employing their drivers as W2's.
But they also never gave them the opportunity to scale their services.
$UBER $DASH etc never claimed to be employing their drivers as W2's.
But they also never gave them the opportunity to scale their services.
$UBER & $DASH wanted the preferable economics of a franchise.
But they also didn't want to empower their drivers to become business owners.
They want to have their cake and eat it too.
But they also didn't want to empower their drivers to become business owners.
They want to have their cake and eat it too.
As a driver/delivery person, the only real "opportunity" with these companies is indentured servitude.
High fixed costs with no way to scale up revenue.
After taxes, it amounts to the equivalent of a sub-minimum wage job.
High fixed costs with no way to scale up revenue.
After taxes, it amounts to the equivalent of a sub-minimum wage job.
Great 
on this subject: https://twitter.com/dpteran/status/1337038391934930945?s=20
on this subject: https://twitter.com/dpteran/status/1337038391934930945?s=20
