We have been saying for years, posting financial statements, showing hard bottom line figures, that these SV unicorns are unprofitable, trying to undercut the existing markets by funneling in VC money to make up for the lack of an actual profit.
Take Uber, for example.
You cannot, in all seriousness, charge a piss poor amount for a 30-minute taxi ride, and then take a cut from it, and expect people to somehow be okay with it. It doesn't work and it's disrespectful to people involved. It ruins the economy and no amount of handwavyness about market forces will make things better.
The same thing here applies to their food delivery businesses.
There is a reason why what they are doing is illegal - predatory pricing. But they think they are too big to fail.
Take Uber, for example.
You cannot, in all seriousness, charge a piss poor amount for a 30-minute taxi ride, and then take a cut from it, and expect people to somehow be okay with it. It doesn't work and it's disrespectful to people involved. It ruins the economy and no amount of handwavyness about market forces will make things better.
The same thing here applies to their food delivery businesses.
There is a reason why what they are doing is illegal - predatory pricing. But they think they are too big to fail.