May I present you...
https://techcrunch.com/2019/09/25/bodega-once-dubbed-america...
I am not sure I suppose in really high real estate cost areas that might be good, but it does not strike me as an obviously good idea with respect to capital usage.
And the employees too, they got fat severances. All of this reminds me of a government jobs program. Strange, isn’t it? If the free market wasn’t so distorted in the US (primarily because of government involvement), companies like this would never get funded in the first place. Instead we have government jobs programs popping up all over, due to QE by the Fed. Next time they should just helicopter the money directly to everybody. Way more efficient.
If you are going to blame the US government for this bad investment, then you'll also need to give them credit for all of SoftBank's good investments too, right?
Instead they ended up increasing their costs multiple times by cooking in parking lots and delivering over scooters. Wow. Classic example of not understanding what they are doing. Both the founders and investors have no understanding of either the tech or pizza marketplace and blindly jumped in. I guess it’s great for the founder. They make money almost for free.