Amazing.
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Built on the backs of underpaid gig workers.
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Parker I think most ppl aren’t going to like your tweet bc it’s too real. Looking directly at our own desire to accumulate wealth isn’t easy (guilty) But if our aim is to live in an ethical world we must look at it. Not to judge but so we can understand & aim as high as we can.
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A $7.1 billion valuation for a company that can't even afford to let their service workers keep their own tips? That's impressive. They must have a heck of a pitch for investors :)
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I think the valuation now is over $12B and twice as much as Grubhub's. :D
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How soon before Amazon gets into the Cloud Kitchen game? That investment in Deliveroo is forth-telling...
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@readoliver the 'Carl' effectThanks. Twitter will use this to make your timeline better. UndoUndo
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The amazing thing is that the whole maturation of this industry will take place before any of these companies IPO. Sarbanes-Oxley turns out to be a mechanism for redistribution of wealth from retail to high net worth individuals.
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The food delivery space is too competitive, I dont think anyone can turn a profit imo.
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