Deliveroo shares slump on stock market debut

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An estimated 70,000 retail investors see value of their investments fall as takeaway food firm’s IPO ‘falls flat on its face’

– the share price fell by as much as 30% before recovering slightly to a 23% deficit by mid-morning, at around 300p.

 

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'Flopperoo'? Wow. That is awful. Deloseroo, Derisoroo ... Jeez man take your pick

Play with fire and your going to get burnt big time

Utter joke stock. Will NEVER make a profit. DUMP Deliveroo

Even Uber Eats loses money, some of these gig economy shares are best avoided.

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Deliveroo shares flop on much-anticipated London stock market debutShares in Deliveroo have slumped by as much as 30% as the takeaway delivery company made its highly-anticipated stock market debut
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Why have Deliveroo shares tanked on their stock market debut?A lack of profits, questionable governance and poor treatment of riders have all been identified as factors behind Deliveroo’s calamitous first day of trading. But which was most responsible? Ben Chu investigates
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Why the wheels came off Deliveroo’s overheated stock market flotationControversial share structures, employment conditions and ambitious valuations made the delivery company’s listing a flop. But all may not be lost… 95% only bad news( deliveroops Interesting to see Flopperoo has put £112,000,000 aside to defend against those employed to do the actual delivery being classified as employees. Technofeudalism needs new measures to end it.
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