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Re:Deliveroo shares drop 30% on UK IPO listing by fakedang on Wednesday March 31, 2021 @09:05AM (#26646722)
No no. I meant that the effective cost of a ride (paying contractor + tech costs + employee costs + marketing per ride) is $1 a mile, but they give a discount that makes it effectively $0.9 a mile, and doing this on scale is effectively making them run operations at a loss unless they have market monopoly. Even a duopoly situation is unfavorable for them.

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