Re:Deliveroo shares drop 30% on UK IPO listing
by maxehmookau on Wednesday March 31, 2021 @09:57AM
(#26647351)
> After all, if restaurants sign up to work with Deliveroo they must have done their homework and concluded that they were still in the black.
Or a VC backed firm with zero profits was created with a sole purpose of securing enough market share that any restaurant that doesn't hand over their 30% is immediately squeezed out of the market.
I'm not saying it's illegal, but it's crappy and the stock market has apparently had its say. At least for now.
Or a VC backed firm with zero profits was created with a sole purpose of securing enough market share that any restaurant that doesn't hand over their 30% is immediately squeezed out of the market.
I'm not saying it's illegal, but it's crappy and the stock market has apparently had its say. At least for now.