It's a wrap for Postmates UPDATE: Literally
- Thread starter JadeB
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- company it's a wrap postmates
I'm stopped eating from Pizza Hut like over 10 years ago because they never delivered. Lol.
oh nah, postmates is wylinshyt too high any fukking way..the other day a $9 chicken meal cost me
$30 smh
fukk postmates
Bruh, there are many businesses whose sole purpose is to get bought out. From their perspective who cares if the business isnt profitable if they can cash out later and retire.
FUPA
#LWO
DoorDash the way to go. Ubereats be on some 75-80 minute wait sometimes. I hop on DoorDash shyt is at 30 mins.
Reality
Make your own luck.
It's actually great for consumers and progressive, at least to middle / upper middle class people.
These huge losses mean that costs aren't getting passed on by the company and instead are getting eaten by savvy investors and VCs that are able to invest.
Uber bought Postmates which is basically the same thing. Worth it to Uber because they get marketshare, and scale / marketshare is everything.
What are they doing wrong or is it all done on purpose???
how can you lose damn near a billion dollars in profits when more ppl are ordering out than ever?!
Because they focus on gaining market share at all cost by providing services below cost (eating into their cash reserves), with the hope that once the competition is eliminated, or their market share is substantial enough, or automated driving comes in and eliminates the need to pay drivers, they can recoup their money.
It's a fukked up business model. The same with UberEats and all these fukkers. All fugazi.
The truth of the matter is that if you pay the driver fair compensation for their time and mileage, it's really expensive to order food in. They been subsidizing it for you which is why you haven't noticed. But if the true cost of ordering in was felt a lot of people would simply pick that bytch up themselves or cook.
Ditto for Uber but that's another story
MustafaSTL
Achievement In Every Field of Human Endeavor
Yeah I use strictly Door Dash with the Dash Pass. Never pay for fees, just the tip. And pretty much every restaurant now seals their bags. If they don't, I don't mess with them anymore.
@JadeB what market are you in?
They lose money by not paying enough and ending up having to pay more. They gotta offer bonuses and incentives to get people to deliver. Postmates doesn't do it but Uber Eats shows expected payout with tips. Plenty of $3 orders that nobody wants to take cuz of such a low price. Then they end up having to offer more and lose money on their end. They get a portion of the cost and then they give their drivers some of that. This is especially true on McDonalds orders. That's like the most popular restaurant people order from. And it's also the slowest wait especially late at night when there aren't many people working there and the drive thru is slow. I dealt with that last night. So the more drivers that reject the delivery the longer the order waits and they gotta increase the pay or risk nobody delivering the food.
What are they doing wrong or is it all done on purpose???
how can you lose damn near a billion dollars in profits when more ppl are ordering out than ever?!
They lose money by not paying enough and ending up having to pay more. They gotta offer bonuses and incentives to get people to deliver. Postmates doesn't do it but Uber Eats shows expected payout with tips. Plenty of $3 orders that nobody wants to take cuz of such a low price. Then they end up having to offer more and lose money on their end. They get a portion of the cost and then they give their drivers some of that. This is especially true on McDonalds orders. That's like the most popular restaurant people order from. And it's also the slowest wait especially late at night when there aren't many people working there and the drive thru is slow. I dealt with that last night. So the more drivers that reject the delivery the longer the order waits and they gotta increase the pay or risk nobody delivering the food.
But you can read their prospectus documents as filed with the SEC, and they are blatant about their "business strategy". At that point you gotta look at the dumbass investors geeked by temporary surges in the stock price. If investors refused to put money in these companies they wouldn't be viable
DoorDash is the best. And it’s crazy cuz I still never have experienced the type of shyt y’all be talking about. Never had someone dip into my food or my food looking like it’s tampered with. I do order from a lot of healthy or vegan type spots tho so nikkas probably ain’t tryna eat that shyt. But I’ll order donuts or something too on weekends and nothing will seem off
