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 Swizec on Wednesday May 13, 2020 @06:13PM (#23172438)

> It's easy to be profitable when you get to set your fees and have platform lock-in.

That's exactly the VC playbook isn't it? Subsidize the market until you achieve lock-in, then stop the subsidies.

Now the market has nowhere else to go but to pay almost whatever you want. A restaurant can't afford to not be on GrubHub. A diner doesn't even consider non-grubhub options due to habit.

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Re:America is stuck at home, but food-delivery companies sti... by chadlavi on Wednesday May 13, 2020 @07:42PM (#23173229)

I'm really replying just because I wanted to say: Swizec Teller!

But, yeah, you're right. The problem is, the harder you squeeze a lemon, the less juice is left in it. And in times like this, they're squeezing harder and they've nearly squozen their whole supply.

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Re:America is stuck at home, but food-delivery companies sti... by joshstrange on Wednesday May 13, 2020 @11:25PM (#23174928)

> The problem is, the harder you squeeze a lemon, the less juice is left in it

An apt definition of a number of the world's current issues, unfortunately. I've never heard it described that way before but I really like how simple the imagery is to grasp, thank you!

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