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Postmates, the food-delivery startup, has explored being sold to Uber or DoorDash

By Vox

The conversation around labor rights in Silicon Valley could be reshaped if the food-delivery startup is gobbled upRead full story

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  • The takeaway on this story is that corporations are stooping to squeeze every level of the economy.

    Food delivery a basic service dependent on minimum wages is now to be performed by conglomerates who will be competing with teenagers working for a restaurant/pizzeria part time.

    Are the current economic opportunities so limited?

    In an open market economy any legal business can operate still what's next an IPO for a company competing with kids who mow lawns and shovel driveways?

  • The challenge with being a publicly listed company is that there are quarterly filings, Wall Street analysts and also a far greater level of transparency and disclosure. For an industry that is battling low margins and commoditization, operational transparency is a difficult challenge. Selling the company to a competitor such as Wal-Mart that needs last-mile distribution in the face of Amazon is very strategic, putting what assets platform that has already been built the highest and best use. But

    The challenge with being a publicly listed company is that there are quarterly filings, Wall Street analysts and also a far greater level of transparency and disclosure. For an industry that is battling low margins and commoditization, operational transparency is a difficult challenge. Selling the company to a competitor such as Wal-Mart that needs last-mile distribution in the face of Amazon is very strategic, putting what assets platform that has already been built the highest and best use. But timing is critical, especially since having Amazon in the food delivery space where it can leverage both its scale as well as it's breath in product offering through its channel will ultimately impact an industry that is already struggling with operating margins.

  • I run a small restaurant and the high percentage required by Playmates and Door Dash takes away any profitability for me. With each sale being in the red ,the only possible use I could justify is advertising and for a very limited time.

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