Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.


Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.

Password dimenticata

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Digitare il proprio nome utente.

Digitare il proprio indirizzo e-mail.

Scegliete un titolo appropriato per la domanda, in modo che si possa rispondere facilmente.

Scegliere la sezione appropriata per facilitare la ricerca della domanda.

Si prega di scegliere parole chiave adatte Es:domanda, sondaggio.

Scrivete la descrizione in modo accurato e dettagliato.

Scegliere da qui il tipo di video.

Inserire qui l'ID del video: Es: "sdUUx5FdySs".

Si prega di spiegare brevemente perché si ritiene che questa domanda debba essere riportata.

Si prega di spiegare brevemente perché si ritiene che questa risposta debba essere riportata.

Spiegare brevemente perché si ritiene che questo utente debba essere segnalato.

Imprenditore Automatico Ultime novità Articoli

gig economy business sees opportunity in sector destruction 

Unlock the Editor’s Digest for free

The annihilation of delivery start-ups aids the prospects of those left standing. Companies like 1520, which promised to have orders on customer doorsteps in a matter of minutes, have closed. DoorDash chief executive Tony Xu has taken the opportunity to grow.  

Acquisitions like the $45mn purchase of Wolt, a Finnish delivery start-up, lift order volumes. DoorDash has expanded overseas and added convenience and grocery store items as well as advertising to the core US restaurant delivery business. Speaking to investors on Wednesday, Xu said the company was now made up of five businesses, up from one in 2019. 

But expansion comes at the cost of ongoing losses. DoorDash was founded in 2003. It listed in late 2020. It delivers more than half a billion orders per quarter. Yet it reported a net loss of $75mn in the three months to September 30. At what size will it break even? 

Major cost-cutting change is unlikely in the near future. DoorDash partnered with Cruise Automation, which is developing autonomous vehicles, four years ago. In the future it may be able to avoid dealing with drivers and the regulators trying to reform the market. But the suspension of Cruise vehicles in San Francisco last month suggests driverless deliveries are some way off. Marketing spend must stay high in order to compete with rivals like Amazon, Uber and Grubhub. Stock-based pay is dragging on net income too. 

But have a look at DoorDash’s take rate and the trajectory looks positive. Gross order value — which tots up all of the things ordered via DoorDash, including restaurant food, groceries and convenience items — reached $16.75bn in the last quarter. From this, DoorDash’s revenue was $2.2bn. That is a 12.9 per cent take rate, up from 12.6 per cent the previous year. A rising number shows volume growth exceeds growth in operating costs. If it keeps moving in the right direction it will support future expansion plans. 

Our popular newsletter for premium subscribers is published twice weekly. On Wednesday we analyse a hot topic from a world financial centre. On Friday we dissect the week’s big themes. Please sign up here.

Related Posts

Leave a comment