America is stuck at home, but food-delivery companies still struggle to profit

Re:America is stuck at home, but food-delivery companies sti... by nabla9 on Wednesday May 13, 2020 @02:11PM (#23169835)

Under and unemployed people staying in their homes are not going to order. They save money. People working from home could order but many of them feel insecure abut the future and also save money. Notice spike at the end: https://fred.stlouisfed.org/series/PSAVERT (the Dec 2012 spike was due to accelerated payment of bonuses and compensation in anticipation of increase in tax rate)

You can innovate and VC all you want, but it the demand decreases, so does the revenue.

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Re:America is stuck at home, but food-delivery companies sti... by vkou on Wednesday May 13, 2020 @02:58PM (#23170388)

Thank you for the chart - but I have one question.

How much could that spike be attributed to Trump-bucks arriving in people's bank accounts?

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Re:America is stuck at home, but food-delivery companies sti... by ac29 on Wednesday May 13, 2020 @04:02PM (#23171170)

I'm sure that's a factor, but I think its more about peoples monthly expenses going down since so many things are closed. No vacations, no sporting events, no weddings, etc.

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