vonAchdorf
Arcane
- Joined
- Sep 20, 2014
- Messages
- 13,465
Your brain on venture capital Fortnite money:
Man makes money buying his own pizza on DoorDash app
The owner of a pizza restaurant in the US has discovered the DoorDash delivery app has been selling his food cheaper than he does - while still paying him full price for orders.
A pizza for which he charged $24 (£20) was being advertised for $16 on DoorDash - and when he secretly ordered it himself, the app paid his restaurant the full $24 while charging him $16.
...
"Third-party delivery platforms, as they've been built, just seem like the wrong model, but instead of testing, failing, and evolving, they've been subsidised into market dominance.
"You have insanely large pools of capital creating an incredibly inefficient money-losing business model."
DoorDash is backed by investment giant Softbank, which this week posted a record-breaking loss of nearly $13bn.
Defending the loss, chief executive Masayoshi Son reportedly compared himself to Jesus.
The billionaire is said to have stated during a call with investors that Jesus was "also misunderstood".
He later apologised.
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