Even if you're not investing in food delivery, the space is pretty interesting to follow. Delivery Hero agrees to buy South Korean rival Woowa.https://www.wsj.com/articles/germanys-delivery-hero-heats-up-global-food-delivery-battle-with-4-billion-south-korea-deal-11576235909 …
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Replying to @NonGaap
With the exception of a few markets, the United States may not have the residential density required for these businesses to be viable after VC-subsidies run out.
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Replying to @Molson_Hart
def much different market/economic model for suburban sprawl vs. dense urban locations.
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Replying to @NonGaap
I find this company to be extremely fascinating. - Lake Charles, LA startup - Food delivery in small markets - Getting killedpic.twitter.com/7NkxwbrVtN
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Replying to @Molson_Hart @NonGaap
Looks like a Reverse split or desiting imminent
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Replying to @beardmars
You mean because the price is so low, they’ll combine multiple share into one to make the share price look less abominable? What’s desiting? Delisting?
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Replying to @Molson_Hart
Delisting*. I believe nasdaq listing requirements are share price above $1. If not met for 30 days it gets delisted. However this looks like under $1 for >30 days so who knows. Yea reverse split is basically a reissue of lower total shares for higher share price
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