@troguk Copy pasting large parts of text from elsewhere is often a violation of copyright and bad form.
Putting in a link is good. If you thought something was particularly noteworthy e.g. ‘Profit up 23%’ or you are adding insight 'this beat analyst expectations by 50% ’ add that as an incentive to click on your link.
DELIVEROO LAUNCHES NEW ADVERTISING PLATFORM
Roll-out of new platform strengthens Deliveroo’s existing advertising revenue stream
Deliveroo aims to reach an adjusted EBITDA margin (as % of GTV) of 4%+ by 2026, with further upside potential beyond 2026
Shutting down in Australia with immediate effect. They launched in Australia at the end of 2015.
The article mentions the regulatory environment a lot. Some of the regulatory drive seems misguided, I think lots of couriers are on all the apps, they can’t be treated as employees of all the firms can they?
Deliveroo do the same thing as half a dozen other apps. What’s their moat? The eateries they have signed up and the barrier to entry that represents? So there’s clearly some first mover advantage but worrying that having launched 7 years ago they see no path to profitability there.
One of the food delivery companies is profitable. I cant remember which or how profitable.
Moreover they are creating there own kitchens.
I think this is the point where not only will they be profitable but they will also have bit of a moat.
New delivery companies would struggle to complete. Basically an oligopoly. And further destruction of the high street.
That’ll be one of the issues.
'roo will view themselves as a provider and the drivers are self employed.
However the regulations are going to set them as employees…how is a driver going to be classed as an employee of multiple companies? There’s going to be lawsuits and accusations aplenty. So they’re getting out of the kitchen before the restaurant burns down.
Be interesting how this comes over in the UK where the same thing happens.
If the same thing happens. No guarantee that it will happen in the UK. it could happen in different way ie without the government stepping in. Minimum wages for drivers claiming that they are full time employees.
I think thats the route uber drivers went down. If they do those that are working for multiple firms who want the benefits will have to pick one.