[–] toomuchtodo 11 hours ago
This was never going to be sustainable long term based on the economics, it was a securities and investor grift. Those with stock did well (“the stock is the product”), consumers did well while the subsidies lasted, workers made the least gig platforms could offer, and the ride is coming to an end as true labor costs and regulations catch up. Similar with Uber and Lyft, and Airbnb. It was all a financialization play that worked under ZIRP but no longer works.
https://news.ycombinator.com/item?id=39074978 said it best:
“Businesses do not have an inherent right to exist. If you can't pay a living wage, comply with regulations, and be profitable, your business model is not valid and your business should fail and close.”
[–] jorvi 11 hours ago
It's just greedy investors destroying the value for the customer by tacking on all these bizarre fees. You see the same with TakeAway-Just Eat. I barely know anyone who still orders food ever since they massively jacked up prices after 2020. Before that you could order a pizza or falafel or whatever without minimum order prize, hidden increased product price, delivery fee, service fee, and idk what else.
[–] slfnflctd 10 hours ago
Not just the customer. The businesses which actually make the food receive less profit in this scheme as well. Only the middlemen win. It's privatized health insurance all over again.
[–] toomuchtodo 10 hours ago
[–] gepeake 11 hours ago
I believe it has been passed down to you, either knowingly or not
Strong case for B2B sales focus