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A comment on Deliveroo shares drop 30% on UK IPO listing. Parent comment

Re:Deliveroo shares drop 30% on UK IPO listing by maxehmookau on Wednesday March 31, 2021 @10:03AM (#26647445)
Imagine if you worked for a gig-economy company that required you to cycle and you had a sprained ankle.

You'd be out of a job, with no money. Not even sick pay.

You can have all of the things you mention, and the companies that employ people can still employ them fairly.

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Re:Deliveroo shares drop 30% on UK IPO listing by throwaway210331 on Wednesday March 31, 2021 @03:22PM (#26651807)
How??? Consumers will not pay enough for delivery to pay the riders better, and these companies are already on razor thin margins.
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Re:Deliveroo shares drop 30% on UK IPO listing by maxehmookau on Thursday April 01, 2021 @08:18AM (#26659511)
If paying people enough to survive means your margins are too low to function as a business, maybe what you have isn’t a business.

In reality though, anyone in a corporate position is paid well and some investors are likely to do very well from an IPO.

Deliveroo can pay its riders more, but makes an active decision not to.

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Re:Deliveroo shares drop 30% on UK IPO listing by dash2 on Thursday April 01, 2021 @09:55AM (#26660546)
It has 100,000 drivers. Are there other jobs for them with better pay and conditions? If so, why are they working for Deliveroo?
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