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A comment on America is stuck at home, but food-delivery companies still struggle to profit. Parent comment

Re:America is stuck at home, but food-delivery companies sti... by Skunkleton on Wednesday May 13, 2020 @05:50PM (#23172241)
I personally don't have the data to support or refute the "fake market" claim. I would point out however that it is not enough to be cash-flow positive for individual transactions. Sure Uber now makes money on every ride, is the business as a whole poised to make money? Will that be stable in light of likely regulations?

Like I said, I don't know. I don't think the questions can be dismissed just by assuming that VCs know what they are doing.

Edit: I went and looked at GrubHubs 2019 Q4 results [1]. They operated at a $30M loss. Most of the expenses were "operations" related. I'm not sure if that includes engineering, but I guess it doesn't.

[1] https://investors.grubhub.com/investors/press-releases/press...

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Re:America is stuck at home, but food-delivery companies sti... by s1artibartfast on Wednesday May 13, 2020 @07:36PM (#23173178)
That is why I said until 2019 in the parent thread. I suspect losses in 2019 were related to increased competition from UBER EATs, Ect. Net income for prior years were:

2019: -18M

2018: +78M

2017: +99M

2016: +49M

2015: +38M

2014: +24M

2013: +7M

2012: +8M

2011: +15M

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