moxdahfox8

One of the last major consumer purchases to be brought online...

It would be a lifeline if restaurants made money from Doordash orders. Some do and for them it's been a lifeline.

But many restaurants don't make any profit after the 25% cut. Pre-covid you could write it off as a marketing expense but when in-person dining disappears you're faced with option to close or keep open and make a loss or no money on every DD you get.

This is partly why 110,000 restaurants have closed since the pandemic

Small group of people (investors and early employees) pull in a ton of money while a big group of people (restaurant owners and employees) face worse economic outcomes.

Similarly, private mkt investors get insane outcomes while retail investors end up buying at peak prices and less information.

I'm not saying what DD did was unfair or unethical. We're just moving quickly to a very unequal society and this is a small ex of how that's happening

The dichotomy between this massive IPO making the founding team and investors rich and local restaurants shuttering in record numbers (partly due to losing 25% off the top to DD with no other options) is startling.

A small case study on how inequality is growing in our country and tech like this is pouring fuel on the fire